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| rev | Admin | (Created page with "Sue purchased a 10-year par value bond with an annual nominal coupon rate of 4% payable semiannually at a price of 1021.50. The bond can be called at par value X on any coupon date starting at the end of year 5. The lowest yield rate that Sue can possibly receive is an annual nominal rate of 6% convertible semiannually. Calculate X. <ul class="mw-excansopts"><li>1120</li><li>1140</li><li>1160</li><li>1180</li><li>1200</li></ul> {{soacopyright | 2023 }}") | Nov 19'23 at 18:00 | +459 |