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Don makes a one time investment in the following way: he purchases a 3 0 year bond with face value F , semianmual coupons, and

Don makes a one time investment in the following way: he purchases a 30 year bond with face value F , semianmual coupons, and with a coupon rate r(2)=4% and a yield rate j(2)=6%. Immediately after receiving his coupons, he invests his coupons into an account earning a nominal semiannual interest rate of i(2)=3%. If the price of the bond is $3,500 then find F and find Don's equivalent effective annual interest rate for the 30 year period.
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