Question: (1 point) A 5 -year bond has face value 1000 and is redeemable at par. It has a coupon rate of 6% payable semiannually. It

(1 point) A 5 -year bond has face value 1000 and

(1 point) A 5 -year bond has face value 1000 and is redeemable at par. It has a coupon rate of 6% payable semiannually. It is purchased to yield 8% convertible semi-annually. Find the purchase price. Answer =

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