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solve it without excel The purchase price of a 10-year bond is 900. This bond pays coupons at 8% convertible quarterly and will be redeemed

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solve it without excel
The purchase price of a 10-year bond is 900. This bond pays coupons at 8% convertible quarterly and will be redeemed at 1600. It is bought to yield 12% (6 marks) Q4. (a) convertible quarterly. Calculate the par value. 2. -(b) A 90 par value 6% bond with semiannual coupons is purchased at 100 to yield a nominal rate of 4% convertible semiannually. A similar 3% bond with semiannual coupons is purchased at X to provide the buyer with the same yield. (6 marks) Calculate X

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