Question: (1 point) A bond has face value 1000 and is redeemable at par. It pays semi-annual coupons at a 6.5% annual coupon rate. It is

(1 point) A bond has face value 1000 and is redeemable

(1 point) A bond has face value 1000 and is redeemable at par. It pays semi-annual coupons at a 6.5% annual coupon rate. It is purchased on its issue date at a yield to maturity of 5.8% convertible semi-annually. The amount of premium to be amortized with the 5th coupon payment is 1.40. What is the bond's term (in years)? Answer = years

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