Calculate the quoted price on June 1, 2001 of the bond outlined below. (Assume that the face value is $1000, that the purchase price is $1239.47, that the 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 quoted price on June 1, 2001 of the bond outlined below. (Assume that the face value is $1000, that the purchase price is $1239.47, that the 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 quoted price on June 1, 2001 of the bond outlined below. (Assume that the face value is $1000, that the purchase price is $1239.47, that the 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 quoted price on June 1, 2001 of the bond outlined below. (Assume that the face value is $1000, that the purchase price is $1239.47, that the 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 Quoted Price on June 1, 2001 of the Bond