A/ You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previous owner received a semiannual interest payment. The bond rate is 6.6% per year payable semiannually. You plan to hold the bond for 3 years, selling the bond immediately after you receive the interest payment. If your desired nominal yield is 2% per year compounded semiannually, what will be your minimum selling price for the bond? $

B/ Leann just sold a $10,000 par value bond for $9,800. The bond interest rate was 8% per year payable quarterly. Leann owned the bond for 3 years. The 1st interest payment she received was 3 months after she bought the bond. She sold it immediately after receiving her 12th interest payment. Leanns yield on the bond was 10% per year compounded quarterly. Determine the price she paid when she purchased the bond? $