Sam buys a 10-year 1000 par value 10% bond with semiannual coupons. The price assumes a nominal yield of 12%, compounded semi-annually. What is the purchase price? 2. A 15-year 1000 par bond with 7% semiannual coupons (This also means that each coupon is 3.5% and comes every 6mo.) is priced to yield 6% convertible semiannually. Find the price.

Write a simple diagram before you solve. When BA-II calculator function is used, you must show your inputs.