Question: Q11 (1 pt) A 12-year bond with a face value of 2000 dollars is redeemable at par and earns interest at 10 percent convertible semiannually.

Q11 (1 pt) A 12-year bond with a face value of 2000 Q11

(1 pt) A 12-year bond with a face value of 2000 dollars is redeemable at par and earns interest at 10 percent convertible semiannually. If the yield rate is 7.5 percent convertible semiannually, find the book value 4 months after the payment of the 7th coupon. (Recall that we use simple interest for points in time between coupon payments.) Answer = dollars

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