Suppose that a 12-year bond with a face value of 2500 dollars is redeemable at twice par and pays semiannual coupons that increase by 1.5 percent per coupon. If the last coupon is for 95 dollars and the yield rate is 7.1 percent convertible semiannually, what is the book value of the bond immediately after the 7th coupon is paid?
Answer =
dollars.