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University of Nebraska at Omaha 5) Two $1,000 bonds redeemable at par at the end of the same period are bought to yield 4%
University of Nebraska at Omaha 5) Two $1,000 bonds redeemable at par at the end of the same period are bought to yield 4% convertible semiannually. The first bond is priced at $1,136.78 and has coupon rate of 5% payable semiannually. The second bond has a coupon rate of 2.5% payable semiannually. Find the price of the second bond.
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Intermediate accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson
7th edition
978-0077614041, 9780077446475, 77614046, 007744647X, 77647092, 978-0077647094
