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c. A bond with par value V pays semi-annual coupons at a rate of 4% con- vertible semi-annually. The bond matures at par on January

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c. A bond with par value V pays semi-annual coupons at a rate of 4% con- vertible semi-annually. The bond matures at par on January 19, 2020. The bond is purchased on November 31 2018 to yield 2.5% convertible semi-annually. The price-plus-accrued on the purchase date is 2,150. Calculate V. [6] c. A bond with par value V pays semi-annual coupons at a rate of 4% con- vertible semi-annually. The bond matures at par on January 19, 2020. The bond is purchased on November 31 2018 to yield 2.5% convertible semi-annually. The price-plus-accrued on the purchase date is 2,150. Calculate V. [6]

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