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Brilly purchases a 1,000 par value bond with 8% quarterly coupons, maturing in 10 years, and redeemable at 1,200. The bond can be called on

Brilly purchases a 1,000 par value bond with 8% quarterly coupons, maturing in 10 years, and redeemable at 1,200.

The bond can be called on the the 25th through 35th coupon date.

Find the maximum price Brilly should pay if she is wishing to make a minimum yield of 6% convertible quarterly.

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