a corporation decides to issue 10-year bonds, redeemable at par, with a face amount of $1,000 each. Interest payments are to be made at the rate of 9% convertible semi-annually, and tax on interest is 28%. The desired net yield is 8% convertible semi-annually. a). What is the price of the bond? b). If $942.55 was paid for this bond, calculate the effective annual yield.