Question: Face Value = $500,000 Redemption Value = $550,000 Coupon rate = 6%, convertible semiannually Coupons are paid on June 30 and December

Face Value = $500,000 • Redemption Value = $550,000 • Coupon rate = 6%, convertible semiannually • Coupons are paid on June 30 and December 31 • Call Date: None • Maturity Date: 12/31/2029 You bought the bond at a discount of $30,000.

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