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the answer is 5563.8234 but im not sure how to get there A 10,000 par value bond with coupons at 8%, convertible semiannually, is being

image text in transcribedthe answer is 5563.8234 but im not sure how to get there

A 10,000 par value bond with coupons at 8%, convertible semiannually, is being sold 3 years and 4 months before the bond matures. The purchase will yield 6% convertible semiannually to the buyer. The price at the most recent coupon date, immediately after the coupon payment, was 5640. Calculate the market price of the bond, assuming compound interest through- out

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