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Check my work 4 Calculate the purchase price of the $1,000 face value bond using the information given below. (Round your answer to the nearest

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Check my work 4 Calculate the purchase price of the $1,000 face value bond using the information given below. (Round your answer to the nearest cent.) Issue date Maturity date Purchase date Coupon rate (%) Market rate (%) 00:34:33 Jan 1, 2007 Jan 1, 2027 July 1, 2015 7.3 3.8 Assume that: . Bond interest is paid semiannually. . The bond was originally issued at its face value. . Bonds are redeemed at their face value at maturity. . Market rates of return are compounded semiannually. Bond price $

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