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A bond with a par value of 1000 and 10 percent semiannual coupons is redeemable for 1200. you are given: (1) the bond is purchased
A bond with a par value of 1000 and 10 percent semiannual coupons is redeemable for 1200. you are given: (1) the bond is purchased at P to yield 8 percent, convertible semiannually: and (2) the amount of principal adjustment for the 15th semiannual period is 1.58.Calculate P.
A.1159
B.1227
C.1399
D.1452
E.1587
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