1. The problem statement, all variables and given/known data A $500, 8% bond is purchased on Feb 1, 2004 to yield 10% compounded semiannually. The interest on the bond is payable on Feb 1 and Aug 1 each year. Find the purchase price if the bond is redeemable at face value on Feb 1, 2014. 2. Relevant equations 3. The attempt at a solution The fact that there are two % figures given has thrown me off this problem completely. Can anyone help?