Question: A five - year 1 , 0 0 0 par value bond pays 4 % coupons semiannually. The bond is priced at 1 , 1

A five-year 1,000 par value bond pays 4% coupons semiannually. The bond is priced at 1,122 to yield an
annual nominal rate of 2% convertible semiannually. Calculate the redemption amount of the bond.
A)970
B)1000
C)1030
D)1060
E)1090

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