Question: Bonds-Q16 (answer= three decimal) (1 pt) A 14-year bond with a face value of 2000 dollars is redeemable at par and earns interest at 8.9

Bonds-Q16 (answer= three decimal)

(1 pt) A 14-year bond with a face value of 2000 dollars is redeemable at par and earns interest at 8.9 percent convertible semiannually. If the yield rate is 8 percent convertible semiannually, find the book value 5 months after the payment of the 9th coupon. (Recall that we use simple interest for points in time between coupon payments.) Answer = Tirs

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