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Question 9 (9 marks) An n-year $1000 pur value bond matures at par and luas a coupon rate of 12% convertible semiannually. It is bought

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Question 9 (9 marks) An n-year $1000 pur value bond matures at par and luas a coupon rate of 12% convertible semiannually. It is bought at a price to yield 10% convertible semiannually. If the term of the bond is doubled, the price will increase by $50. Find the price of the n-year bond. Question 10 (8 marks) Consider a $100 par value 10-year bond with 10% seminimal coupons and a yiell rate convertible semiannually of 7%. The first coupon is pad on July 1, 2007. Find the quoted price on September 15, 2009, Page 6 of 7

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