Question: PLEASE ANSWER QUICKLY John bought a 10-year, 1,000 par value bond with 8% semiannual coupons. The price of the bond to earn a yield of

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John bought a 10-year, 1,000 par value bond with 8% semiannual coupons. The price of the bond to earn a yield of 7% convertible semiannually is 1,171.58. Find the redemption value. Bond XYZ is a 9-year par-value 6% bond with semiannual coupons. Under the current yield rate 8% compounded semiannually, the price of the bond is 1,091.76. Determine the par value of bond XYZ

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