Question: (1 pt) Two 1000 dollar face value bonds are both redeemable at par, with the first having a redemption date 3 years prior to the

(1 pt) Two 1000 dollar face value bonds are both redeemable

(1 pt) Two 1000 dollar face value bonds are both redeemable at par, with the first having a redemption date 3 years prior to the redemption date of the second. Both are bought to yield 11.2 percent convertible semiannually. The first bond sells for 847 52 dollars and pays coupons at 8 pracent convertible semiannually. The second bond pays coupons at 5 percent per halfyear. What is the price of the second bond? Answer dollars

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