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A 12-year bond with a face value of $2000 is redeemable at par and earns interest at j2 = 7%. If the yield rate

A 12-year bond with a face value of $2000 is redeemable at par and earns interest at j2 = 7%. If the yield rate is j2 = 9.5%, find the full (or dirty) price of the bond 4 months after the payment of coupon number 18. Use compound interest for points in time between coupon payments. Answer: $ Note: Round any intermediate dollar values off and use them in succeeding calculations.

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