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A 11-year bond with a face value of $5000 is redeemable at par and earns interest at 8.8% convertible semiannually. If the yield rate is
A 11-year bond with a face value of $5000 is redeemable at par and earns interest at 8.8% convertible semiannually. If the yield rate is 8% convertible semiannually, find the book value 2 months before the payment of the 9th coupon. (Use simple interest for the time between coupon payments.)
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