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fast please Pam has just invested $2,500 in a 10-year 1.5% coupon bond with semi-annual coupons. The bond will be redeemed at 10% above par.

fast please

Pam has just invested $2,500 in a 10-year 1.5% coupon bond with semi-annual coupons. The
bond will be redeemed at 10% above par. Based on the price she paid, the yield on this bond will
be 5% a year convertible semi-annually. Find the nominal holding Pam has purchased.

Answer: 3,171.72

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