Question: a 1000 par value bond with coupons at 8% payable semiannually was called for 1200 prior to maturity. the bond was bought for 950 immediately

a 1000 par value bond with coupons at 8% payable semiannually was called for 1200 prior to maturity. the bond was bought for 950 immediately after a coupon payment and was held to call. the nominal yield rate convertible semiannually was 10%. calculate the number of years the bond was held.

9.4

12.4

7.05

5.4

10.05

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