What is the amount of coupons paid every six months

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Reference no: EM131520689

You purchased a Bond with a Face value of 100,000 which matures in 3 Years. It pays semiannual coupons at an annual nominal rate of 8% and redeems for 120,000 at maturity. This bond yields nominal annual rate of 9% convertible semiannually.

1. What is the amount of coupons paid every 6 months?

2. Calculate the Modified Coupon Rate.

3. What is the Base Amount for this Bond?

Reference no: EM131520689

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