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(10 points) A 10-year $1000 par value bond bearing a 7.4% coupon rate payable semiannually and redeemable at $1049 is bought to yield 10% convertible

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(10 points) A 10-year $1000 par value bond bearing a 7.4% coupon rate payable semiannually and redeemable at $1049 is bought to yield 10% convertible semiannually. Find the price. A. \$1223.51 B. \$999.2 C. $642.34 D. \$ 685.17 E. \$ 856.46

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