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| rev | Admin | (Created page with "Matt purchased a 20-year par value bond with semiannual coupons at a nominal annual rate of 6% convertible semiannually at a price of 1722.25. The bond can be called at par value X on any coupon date starting at the end of year 15 after the coupon is paid. The price guarantees that Matt will receive a nominal annual rate of interest convertible semiannually of at least 8%. Calculate X. <ul class="mw-excansopts"> <li>1000</li> <li>1059</li> <li>1723</li> <li>1851</li>...") | Nov 29'23 at 17:19 | +738 |