Question: Suppose that a 19 -year bond with a face value of 1000 dollars is redeemable at par and earns interest at 9.7 percent convertible semiannually.

Suppose that a 19 -year bond with a face value of 1000 dollars is redeemable at par and earns interest at 9.7 percent convertible semiannually. If the yield rate is 7.9 percent convertible semiannually, what is the book value immediately before the payment of the 15th coupon? Answer = dollars

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