Find total amount of discount in original purchase price

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Reference no: EM131070762

A 10 year bond of 1000 face amount with semiannual coupons, redeemable at par, is bought at a discount to yield 12 % convertible semiannually. If the book value six months before the redemption date is 985.85, find the total amount of discount in the original purchase price.

Reference no: EM131070762

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