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Business, 26.03.2021 05:30 lolyan555

A 10,000 par value bond with coupons at 8%, convertible semiannually, is being sold three years and four 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 5,640.Calculate the market (quoted) price of the bond.

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A 10,000 par value bond with coupons at 8%, convertible semiannually, is being sold three years and...

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