A 5000 par-value bond with semiannual coupons and r = .03 has a yield rate of 5%,
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A 5000 par-value bond with semiannual coupons and r = .03 has a yield rate of 5%, convertible semiannually. Find the book value of this bond one year before the redemption date.
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Related Book For 
Theory Of Interest And Life Contingencies With Pension Applications A Problem Solving Approach
ISBN: 978-1566983334
3rd Edition
Authors: Asa Michael M. Parmenter, Ph.d.
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