Ann purchased a 15-year par value bond with semi-annual coupons at a nominal annual rate of 6% convertible semi-annually at a price of 1050. The bond can be called at par value X on any coupon date starting at the end of year 10. The price guarantees that Ann will receive a nominal annual rate of interest convertible semi-annually of at least 8%. Calculate X. Not yet answered Select one: A. 1320 B. 1215 C. 1270 D. 1240 E. 1300