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A 5 - year $ 1 , 0 0 0 par value bond has a coupon rate of 4 . 8 percent convertible semiannually. It
A year $ par value bond has a coupon rate of percent convertible semiannually. It is callable at par anytime after year and till the end of year An investor wishes to buy the bond to yield percent convertible semiannually.
Determine the purchase price of the bond.
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