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21) An n year $1000 par valuebond matures at par a nd has a coupon rate of 12% convertible semi-annually. It i bought at a

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21) An n year $1000 par valuebond matures at par a nd has a coupon rate of 12% convertible semi-annually. It i bought at a price to yield 10% convertible semi-annually. If the term of the bond is doubled, the price will increase by $50. Find the price of the n-year bond. a) $1000 b) $1050 c) $1100 d) $1150 e) $1200

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