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8. 5 points) A bond has a par value and redemption value of 1,000. It has an annual coupon rat of 12% payable semi-annually, and

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8. 5 points) A bond has a par value and redemption value of 1,000. It has an annual coupon rat of 12% payable semi-annually, and is priced to yield 10% convertible semi- annually. The bond's term is n years. If the term of the bond were doubled, its price would increase by 50. Calculate n. A. 5 B. 7 C. 10 D. 12 E. 14

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