Bond is bought to yield convertible semi-annually

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Find the price of a $1000 par value 10-year bond with coupons at 8.4% convertible semi-annually, which will be redeemed at $1050. The bond is bought to yield 10% convertible semi-annually for the first five yeahi rs and 9% convertible semi-annually for the last five years.

Reference no: EM13728224

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