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Posted on Aug 16, 2024

A 1 0 - year $ 1 0 0 par value bond bearing a 1 0 % coupon rate payable semiannually and redeemable at $

10 -

year $

100

par value bond bearing a

10 %

coupon rate payable semiannually and redeemable at $

105

is bought to yield

8 %

convertible semiannually. Find the price.

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