A $1,000 par value bond has 7.5% semiannual coupons and matures on July 1, 2027 at $1,050. Find the actual selling price of this bond on November 15, 2013 and the price that would be quoted in a financial newspaper on the same date, based on a nominal annual yield rate of 5.80% compounded semiannually. Use the actual number of days to compute the accrued interest.
