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Bond A and Bond B are both N - year, F - par bonds that pay semiannual coupons. They have the same yield rate of

Bond A and Bond B are both N-year, F-par bonds that pay semiannual coupons. They have the same
yield rate of 9% convertible semiannually. The coupons paid by Bond B are 25 less than those paid by
bond A. The price for Bond B is 325.20 less than the price for Bond A.
Bond C is 2N-year, 1000-par bond that pays semiannual coupons at a rate of 9% per annum. The yield
rate of this bond is 8% convertible semiannually. Determine the price of Bond C.
1039
978
1220
1159
1099
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