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Please show complete work. Thank you. 3) Consider a $1000 par value 5% bond with semiannual coupons callable at $$1100 any coupon date starting 2

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Please show complete work. Thank you.
3) Consider a $1000 par value 5% bond with semiannual coupons callable at $$1100 any coupon date starting 2 years after issue for the next 2 years, at $1050 starting 4 years after issue for the next 2 years, and maturing at $1000 at the end of 6 years. Find the highest price which an investor can pay and still be certain of a yield of a) 4% convertible semiannually b) 8% convertible semiannually 4) Find the price of a $200 issue of 4% bonds with annual coupons which will be redeemed in 4 equal annual installments at the end of the 3rd through the 6th, years from the issue date at $55. The bonds are bought to yield 6% effective. 3) Consider a $1000 par value 5% bond with semiannual coupons callable at $$1100 any coupon date starting 2 years after issue for the next 2 years, at $1050 starting 4 years after issue for the next 2 years, and maturing at $1000 at the end of 6 years. Find the highest price which an investor can pay and still be certain of a yield of a) 4% convertible semiannually b) 8% convertible semiannually 4) Find the price of a $200 issue of 4% bonds with annual coupons which will be redeemed in 4 equal annual installments at the end of the 3rd through the 6th, years from the issue date at $55. The bonds are bought to yield 6% effective

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