Explanation:
Given: FV(Par value) = $10,000
NPER (n) = 17*2= 34
Rate= [tex]\frac{0.042}{2}[/tex]= 0.021= 2.1%
PV (Price of the bond) = [tex]\frac{FV}{(1+r)^n}[/tex]= [tex]\frac{10,000}{(1+0.021)^34}[/tex] = [tex]\frac{10,000}{2.0271}[/tex]= $4,933.16
