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Find the price of the bond with par value 1000 and 10

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Find the price of the bond with par value $1,000 and 10 years to maturity with coupons at 8.4% convertible semiannually, if the investor's yield rate is to be 10% convertible semiannually for the first five years and 9% convertible semiannually for the next five years. The redemption amount of this bond is $1,050

Reference no: EM13482437

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