Sameer bought a $25,000, seven-year, 6.5% coupon bond exactly two years ago. He is going to sell it next month to an investor who requires 5.75% compounded semiannually. What price should Sameer receive for the bond?

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The Answer of Sameer bought a $25,000, seven-year, 6.5% coupon bond exactly two years ago. He is going to sell it next month to an investor who requires 5.75% compounded semiannually. What price should Sameer receive for the bond?

Sameer Bought a $25,000, Seven-Year, 6