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A $6,000, 4.00% bond was purchased 5 years and 5 months before its redemption date when the yield was 6.00% compounded semi-annually. Calculate the purchase

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A $6,000, 4.00% bond was purchased 5 years and 5 months before its redemption date when the yield was 6.00% compounded semi-annually. Calculate the purchase price of the bond. a. $6,471.73 b. $5,571.73 C$5,471.73 A $7,000, 3.50% bond was purchased 6 years and 2 months before its redemption date when the yield was 6.50% compounded semi-annually. Calculate the purchase price of the bond. a. $5,028.15. b. $6,028.15. $6.228.15

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