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QUESTION
A 14-year bond earns interest at 9.5 percent convertible semiannually and has a yield rate of 7.2 percent convertible semiannually. If the book value...
A 14-year bond earns interest at 9.5 percent convertible semiannually and has a yield rate of 7.2 percent convertible semiannually. If the book value immediately after the 7th coupon payment is 1023.48 dollars, and the book value immediately after the 11th coupon payment is 1010.58 dollars, what is the face value?
