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Q4 Q4 10 Points Jackie purchased a 8-year par value bond with semiannual coupons at a nominal annual rate of 6% convertible semiannually at a
Q4 Q4 10 Points Jackie purchased a 8-year par value bond with semiannual coupons at a nominal annual rate of 6% convertible semiannually at a price of 725. The bond can be called at par value X on any coupon date starting at the end of year 4. The price guarantees that Jackie will receive a nominal annual rate of interest convertible semiannually of at least 8%. Calculate X
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