Question: Calculate the conversion factor for a bond with a YTM of 6.18%, a coupon of 5.25%, and has 11 years and 8 months until maturity.

Calculate the conversion factor for a bond with a YTM of 6.18%, a coupon of 5.25%, and has 11 years and 8 months until maturity.

Can you calculate without using excel like by hand preferably. And also if you could show step by step solutions, possibly even on how to get the PV using a calculator. Thank you

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