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A $5000 semi-annual coupon bond paying interest at 12.5%/year compounded semi-annually is redeemable at par in 26 years. It is callable at 114 at the

A $5000 semi-annual coupon bond paying interest at 12.5%/year compounded semi-annually is redeemable at par in 26 years. It is callable at 114 at the end of 13 years and at 110 at the end of 21 years. Determine the price to guarantee a yield rate of 13.5%/year compounded semi-annually.

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