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question 4 (1 pt) A 10-year bond with a face value of 1000 dollars is redeemable at par and earns interest at 9 percent convertible
question 4
(1 pt) A 10-year bond with a face value of 1000 dollars is redeemable at par and earns interest at 9 percent convertible semiannually. Find the price to yield an investor 6.9 percent convertible semiannually. Answer = dollarsStep by Step Solution
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