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Will upgrade if answered quickly Please show some work 5. You are given the following elements of a bond: The par value is $1000 with

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5. You are given the following elements of a bond: The par value is $1000 with nominal coupons of 5% convertible semi- annually The bond is redeemable at 120% of par value at maturity only The bond has 4 years remaining to maturity with the next coupon due in 6 months The market yield on an identical bond in the market is nominal 4% convertible semi-annually. What is the price of the bond? A) $1207.33 C) $1128.30 E) $918.88 B) $1200.00 D) $1073.26

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