The market price when the face value is $1,000 should be $870.01.
We applied the PV function that is shown in the attachment below:
The NPER shows the time period.
Data provided below:
Future value = $1,000
Rate of interest = 7.13% ÷ 2 = 3.57%
NPER = 12 years  × 2 years = 24 years
PMT = ($1,000 × 5.5%) = $27.5
The formula is shown below:
= -PV(Rate;NPER;PMT;FV;type)
So, after solving this, the answer is $870.01
Since in semi annual basis, the interest rate is half and the time period is doubled. The same is shown  above.
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