Business, 05.06.2020 00:06 smokey13

Two 1000 dollar face value bonds are both redeemable at par, with the first having a redemption date 3 years prior to the redemption date of the second. Both are bought to yield 12 percent convertible semiannually. The first bond sells for 813.04 dollars and pays coupons at 8.3 precent convertible semiannually. The second bond pays coupons at 5.3 percent per half year. What is the price of the second bond

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Two 1000 dollar face value bonds are both redeemable at par, with the first having a redemption date...

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