Business, 05.07.2021 19:20 paulesparsa6

A 10,000 par value bond with coupons at 8%, convertible semiannually, isbeing sold 3 years and 4 months before the bond matures. The bond is redeemable at $C, and purchase will yield 6% convertible semiannually to the buyer. The price of the bond was $5,640 three years and six months before maturity (immediately after the coupon payment). Required:
Calculate the market price of the bond, assuming compound interest throughout.

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A 10,000 par value bond with coupons at 8%, convertible semiannually, isbeing sold 3 years and 4 mon...