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(1 pt) A 14-year bond earns interest at 8.9 percent convertible semiannually and has a yield...

(1 pt) A 14-year bond earns interest at 8.9 percent convertible semiannually and has a yield rate of 6.8 percent convertible semiannually. If the book value immediately after the 7th coupon payment is 1061.72 dollars, and the book value immediately after the 11th coupon payment is 1060.07 dollars, what is the face value? Note: Don't assume that the face value and redemption value are the same.

Answer = dollars.

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jeff jeffy answered 1 year ago
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