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A 20-year, $4000 par value bond has 8% semiannual coupons and matures at par. In addition, the bond is callable at the end of the

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A 20-year, $4000 par value bond has 8% semiannual coupons and matures at par. In addition, the bond is callable at the end of the 10th through the 15th years at 1 05% of par. (Provide answers to the nearest cent) a) Find the price to yield 6% convertible semi-annually. Price when called: C Price at maturity: Price the investor should pay: b) Find the price to yield 10% convertible semi-annually. Price when called | Price at maturity: Price the investor should pay: C

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