A 1000 par value twenty-year bond has coupons at 5% convertible semiannually. If the yield rate is 6% convertible semiannually, what is the bond's price? A 9% bond with a 1000 par value and coupons payable semiannually is redeemable at maturity for 1100. At a purchase price of P, the bond yields a nominal annual interest rate of 8%, compounded semiannually, and the present value of the redemption amount is Determine P. 188.3