Calculate the purchase price of the $1000 face value of the bond. (Assume that the face value is $1000, that bond interest is paid semiannually, that the bond was originally issued at its face value, that the bond is redeemed at their face value maturity and that the market rate of return is compounded semiannually.)

Question

Calculate the purchase price of the $1000 face value of the bond. (Assume that the face value is $1000, that bond interest is paid semiannually, that the bond was originally issued at its face value, that the bond is redeemed at their face value maturity and that the market rate of return is compounded semiannually.)
Calculate the purchase price of the $1000 face value of the bond. (Assume that the face value is $1000, that bond interest is paid semiannually, that the bond was originally issued at its face value, that the bond is redeemed at their face value maturity and that the market rate of return is compounded semiannually.)

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The Answer of Calculate the purchase price of the $1000 face value of the bond. (Assume that the face value is $1000, that bond interest is paid semiannually, that the bond was originally issued at its face value, that the bond is redeemed at their face value maturity and that the market rate of return is compounded semiannually.)

Calculate the Purchase Price of the $1000 Face Value of the Bond