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Consider a 10-year bond with face value 1000, with 10% coupons payable semiannually, priced to yield 8% convertible semiannually. If the redemption value is 1070,

Consider a 10-year bond with face value 1000, with 10% coupons payable semiannually, priced to yield 8% convertible semiannually. If the redemption value is 1070, what would be the book value immediately after the 5th coupon is paid? (a) 1000.00 (b) 1150.05 (c) 1167.85 (d) 1250.05 (e) 1267.85

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