Question: 3. A $1,000 face value 10 year bond with redemption value of $1,000 and semiannual coupons at the rate of 6% per annum is purchased

3. A $1,000 face value 10 year bond with redemption value

3. A $1,000 face value 10 year bond with redemption value of $1,000 and semiannual coupons at the rate of 6% per annum is purchased to yield 5% convertible semiannually. Construct a full amortization schedule. ANS: e.g.year 1 effective interest earned is $26.09 and the amortized amount is $3.91

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