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A $1000 par value 12-year bond with 5.4% semiannual coupons and a redemption value of $1150 is selling at a price to yield 4% convertible
A $1000 par value 12-year bond with 5.4% semiannual coupons and a redemption value of $1150 is selling at a price to yield 4% convertible semiannually. Christopher buys this bond 8 years and 5 months after issue at a price which maintains the same yield rate. Find the quoted price Q. Possible Answers A 1130.15 B 1156.95 C 1179.30 D 1198.92 E 1176.42 A $1000 par value 12-year bond with 5.4% semiannual coupons and a redemption value of $1150 is selling at a price to yield 4% convertible semiannually. Christopher buys this bond 8 years and 5 months after issue at a price which maintains the same yield rate. Find the quoted price Q. Possible Answers A 1130.15 B 1156.95 C 1179.30 D 1198.92 E 1176.42
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