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Determine the purchase price at the indicated time before maturity of the following bond redeemed at par shown in the table below. Bond Rate Payable

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Determine the purchase price at the indicated time before maturity of the following bond redeemed at par shown in the table below. Bond Rate Payable Semi-Annuallyr $9,000 10.5% 9 years 11.5% semiannually Par Value Time Before Maturity Yield Rate Conversion Period The purchase price of the bond is 5 (Round the final answer to the nearest cent as needed. Round all intermediate values to six decimal places as needed.)

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