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A man buys a 10-year 1000 par bond with 7% semiannual coupons. The bond is priced to yield 6.5% convertible semiannually. The coupon payments are

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A man buys a 10-year 1000 par bond with 7% semiannual coupons. The bond is priced to yield 6.5% convertible semiannually. The coupon payments are invested in a fund that earns 6% convertible semiannually. His wife makes annual end of year payments of K into a fund that earns 6.5% annually. At the end of 10 years their accumulated funds are the same. Find K. 126.28 131.45 139.25 143.80 151.38

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