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This question continues from Q8. Determine the value of the bond after the coupon payment on September 1, 2021 when the bond yield is changed

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This question continues from Q8. Determine the value of the bond after the coupon payment on September 1, 2021 when the bond yield is changed to 8% compounded semi-annually. [Express by two decimal points.] A bond with the face value $5,000 was issued on March 1, 2010. Its maturity is on September 1, 2031. Its redemption value is $5,250 and has the semi- annual coupons at the coupon rate with 7% payable semi-annually. Calculate the purchase price to guarantee a bond yield of 6% compounded semi- annually. [Express by two decimal points.]

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