Q3

Round final answers to 2 decimal places,

please show working out on the table provided and the answer

A $6,000 bond paying interest at 9% compounded semi-annually is redeemable on July 1, 2027. The bond is purchased on October 12, 2014 to yield 7\% compounded semi-annually. Calculate the purchase price. Paragraph UAd Purchase Date: Redemption Date: Interest Date immediately BEFORE p Interest Date immediately AFTER pu Purchase Date: Redemption Date: Interest Date immediately BEFORE purchase date: Interest Date immediately AFTER purchase date: \begin{tabular}{|c|l|l|} \hline PMT & & \\ Setting & & \\ \hline N & & \\ \hline I/Y & & \\ \hline P/Y & & \\ \hline \end{tabular} \begin{tabular}{|c|l|l|} \hline P/Y & & \\ \hline C/Y & & \\ \hline PV & & \\ \hline PMT & & \\ \hline FI & & \\ \hline \end{tabular} \begin{tabular}{|c|l|l|} \hline C/Y & & \\ \hline PV & & \\ \hline PMT & & \\ \hline FV & & \\ \hline \end{tabular}