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Question 8 With a yield rate of 6% convertible semiannually and a redemption value of 1,000, a bond with semiannual coupons of 28 sells for

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Question 8 With a yield rate of 6% convertible semiannually and a redemption value of 1,000, a bond with semiannual coupons of 28 sells for 970.25. Given the same yield rate, redemption value and term to maturity; what would the semiannual coupon need to be for the bond to sell for 1,014.88? Semiannual coupon

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