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On January 7, 2005, Bob purchased a 15-year $100 par value bond with a coupon rate of 6% payable semiannually to yield 8% compounded semiannually.

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On January 7, 2005, Bob purchased a 15-year $100 par value bond with a coupon rate of 6% payable semiannually to yield 8% compounded semiannually. He received the first coupon on July 7, 2005. Find the market price for this bond on Oct. 31, 2014. Use the semi-theoretical method, as discussed in class

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