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41.215 You have decided to invest in two bonds. Bond X is an n-year bond with semi-annual coupons, while bond Y is zero-coupon bond, which

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41.215 You have decided to invest in two bonds. Bond X is an n-year bond with semi-annual coupons, while bond Y is zero-coupon bond, which is redeemable in n/2 years. The desired yield rate is the same for both bonds. You also have the following information: Bond X Par value is 1000. The ratio of the semi-annual bond rate to the desired semi-annual yield rate, is 1.03125. The present value of the redemption value is 381.50. Bond Y Redemption value is the same as that of bond X. Price to yield is 647.80. What is the price of bond X

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