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A $19,000, 9.1% bond redeemable at par is purchased 6.5 years before maturity to yield 7.6% compounded semi-annually. If the bond interest is payable semi-annually,

A

$19,000,

9.1%

bond redeemable at par is purchased

6.5

years before maturity to yield

7.6%

compounded

semi-annually.

If the bond interest is payable

semi-annually,

what is the purchase price of the bond?The purchase price of the bond is

$nothing.

(Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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