Question: 2 points Saw Question 3 After 5 years (immediately after the 10th coupon is paid), Andrew decides to sell a 20 year bond with a

2 points Saw Question 3 After 5 years (immediately after the 10th coupon is paid), Andrew decides to sell a 20 year bond with a par value of $10,000 that will mature for $10,500. The coupon rate is 8% convertible semiannually. Interest rates have changed such that the price ofthe bond at the time ofthe sale is priced using a yield rte of 10%, convertiblesemiannually.Calculate theselling price, (Round ansver to nearest.cent)

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