Nov 19'23
Exercise
A 1000 par value ten-year bond with 7.6% semiannual coupons is bought to yield 6.0% convertible semiannually.
Calculate the book value of the bond at the end of year six immediately after the coupon payment.
- 1054
- 1056
- 1059
- 1062
- 1065
Nov 19'23