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i will upvote show work please You are given the following elements of a bond: The par value is $100 with coupons of 4% convertible
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You are given the following elements of a bond: The par value is $100 with coupons of 4% convertible semi-annually The bond is redeemable at par at maturity only The bond has 4.25 years remaining to maturity with the next coupon due in 3 months What price are you willing to purchase the bond if you wish to earn a nominal annual yield of 6% compounded semi-annually? ) $ A) $90.86 C) $92.21 E) $94.36 B) $91.62 D) $93.59 show work please
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