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Question 3 A 10-year $1,000 par value bond bearing a 8.4% coupon rate convertible semiannually and re- deemable at $1,050 is bought to yield 10%

Question 3 A 10-year $1,000 par value bond bearing a 8.4% coupon rate convertible semiannually and re- deemable at $1,050 is bought to yield 10% convertible semiannually. Find the price of the bond. (a) 719 (b) 819 (c) 919 (d) 1,019 (e) 1,119

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