Question: Please don't solve by excel, by hand writing please. thank you Question 13.11 You are given the following information about Bond X and Bond Y

 Please don't solve by excel, by hand writing please. thank you

Please don't solve by excel, by hand writing please. thank you

Question 13.11 You are given the following information about Bond X and Bond Y : Both bonds are 10 -year bonds with semiannual coupons, redeemable at their par value of 10,000 , and both are bought to yield an annual nominal interest rate of i, convertible semiannually. Bond X has an annual coupon rate of (i+0.02), paid semiannually. Bond Y has an annual coupon rate of (i0.02), paid semiannually. The price of Bond X is 2,816.93 greater than the price of Bond Y. Calculate i. A 3.6% B 4.8% C 6.0% D 7.2% E 8.4%

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