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A 15-year bond redeemable at par with a face value of $X pays semiannual coupons at a nominal rate of 7% per year. The bond
A 15-year bond redeemable at par with a face value of $X pays semiannual coupons at a nominal rate of 7% per year. The bond is callable at par from the end of the 10th year and priced at $1,733.84 to yield an investor a minimum nominal interest rate of 5%, convertible semiannually. Find X.
(A) 1266
(B) 1383
(C) 1500
(D) 1617
(E) 1734
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