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Business, 12.11.2019 20:31 butterscotchsjoqsvoz

Sue purchases a 10-year par value bond with semi-annual coupons at a nominal annual rate of 4% convertible semi-annually at a price of $1,021.50. the bond can be called at par value x on any coupon date beginning at the end of year 5. the price guarantees that sue will receive a nominal annual rate of interest convertible semi-annually at 6%. what is x?

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