Jodes3502 Jodes3502
  • 19-04-2024
  • Business
contestada

Two $1000 bonds redeemable at par at the end of the same period are bought to yield 4%. A convertible bond costs $1136.78 and has a coupon rate of 5% payable semiannually. The other bond has a coupon rate of 2 1/2% payable semiannually. Find the price of the second bond.

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