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You have just purchased a municipal bond with a $ 1 0 , 0 0 0 par value for $ 9 , 5 0 0
You have just purchased a municipal bond with a $ par value for $ You purchased it immediately after the previous
owner received a semiannual interest payment. The bond rate is per year payable semiannually. You plan to hold the bond for
years, selling the bond immediately after you receive the interest payment. If your desired nominal yield is per year compounded
semiannually, what will be your minimum selling price for the bond? $
Carry all interim calculations to decimal places and then round your final answer to the nearest dollar. The tolerance is
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