Question: Problem 2. David purchases a 15 -year, $2,000 par value bond with an annual nominal coupon rate of 10% payable semiannually. The purchase price will

Problem 2. David purchases a 15 -year, $2,000 par value bond

Problem 2. David purchases a 15 -year, $2,000 par value bond with an annual nominal coupon rate of 10% payable semiannually. The purchase price will generate a nominal yield to maturity of 12% convertible semiannually. Exactly 2 months after the 10th coupon, David sells the bond at the market price with the same yield rate. Calculate the market/clean price on the sale date

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