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A $100 par value 10 year bond provides 5% semiannual coupons. The yield rate is 4% convertible semiannually. What is the flat price (i.e., the

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A $100 par value 10 year bond provides 5% semiannual coupons. The yield rate is 4% convertible semiannually. What is the flat price (i.e., the money that actually changes hands if the bond is sold, ignoring expenses) 8.4 years after issue at the same yield rate? A $100 par value 10 year bond provides 5% semiannual coupons. The yield rate is 4% convertible semiannually. What is the flat price (i.e., the money that actually changes hands if the bond is sold, ignoring expenses) 8.4 years after issue at the same yield rate

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