Question: A 1 0 - year $ 1 0 0 par value bond bearing a 1 0 % coupon rate payable semiannually and redeemable at $

A 10-year $100 par value bond bearing a 10% coupon rate payable semiannually and redeemable at $105 is bought to yield 8% convertible semiannually. Find the price.

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