Question: please make sure answer is correct before posting. will make sure to thumbs up very fast A 7-year bond with a face value of 1000

please make sure answer is correct before posting. will make sure toplease make sure answer is correct before posting. will make sure to thumbs up very fast

A 7-year bond with a face value of 1000 dollars earns interest at 9.4 percent convertible semiannually. If the bond sells for 1230.26 dollars to yield an investor 6.9 percent convertible semiannually, what is the redemption value? Answer = dollars

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