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You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previousowner received a semiannual interest

You have just purchased a municipal bond with a $10,000 par value for $9,500. You purchased it immediately after the previousowner received a semiannual interest payment. The bond rate is 6.6%per year payable semiannually. You plan to hold the bond for 3years, selling the bond immediately after you receive the interestpayment. If your desired nominal yield is 9% per year compounded semiannually, what will be your minimum selling price for the bond?

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