Question: Q8 (1 pt) A 9-year bond with a face value of 1000 dollars earns interest at 9.9 percent convertible semiannually. If the bond sells for

Q8 (1 pt) A 9-year bond with a face value of 1000 Q8

(1 pt) A 9-year bond with a face value of 1000 dollars earns interest at 9.9 percent convertible semiannually. If the bond sells for 1184.23 dollars to yield an investor 7.8 percent convertible semiannually, what is the redemption value? Answer = dollars

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