Question: (1 point) (Exercise 6.27) A $1000 par value bond with coupons at 6% payable semiannually was called for $1080 prior to maturity. The bond was

(1 point) (Exercise 6.27) A $1000 par value bond with coupons

(1 point) (Exercise 6.27) A $1000 par value bond with coupons at 6% payable semiannually was called for $1080 prior to maturity. The bond was bought for $838 immediately after a coupon payment and was held to call. The nominal yield rate convertible semiannually was 9%. Calculate the number of years the bond was held. Answer to the nearest integer. ANSWER = years. (1 point) (Exercise 6.27) A $1000 par value bond with coupons at 6% payable semiannually was called for $1080 prior to maturity. The bond was bought for $838 immediately after a coupon payment and was held to call. The nominal yield rate convertible semiannually was 9%. Calculate the number of years the bond was held. Answer to the nearest integer. ANSWER = years

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