Question: (1 pt) Two $1000 face value bonds are both redeemable at par with the first having a redemption date 3 years prior to the redemption
(1 pt) Two $1000 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% convertible semiannually. The first bond sells for $837 83 and pays coupons at 7.9% convertible manually. The second bond pays coupons at 98% convertible semiannually. What is the price of the second bond? P=$
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