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Question 5 A ten-year 100 par value bond pays 8% coupons semiannually. The bond is priced at 118.20 to yield an annual nominal rate of

Question 5 A ten-year 100 par value bond pays 8% coupons semiannually. The bond is priced at 118.20 to yield an annual nominal rate of 6% convertible semiannually. Calculate the redemption value of the bond. (a) 104 (b) 106 (c) 108 (d) 110 (e) 112

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