Two 1000 face value bonds are both redeemable at par with


Two $1000 face value bonds are both redeemable at par, with the first having a redemption date 3 years prior to the redemption date of the second. Both are bought to yield 11.1% convertible semiannually. The first bond sells for $803.63 and pays coupons at 7.8% convertible semiannually. The second bond pays coupons at 5.2% per half year. What is the price of the second bond?

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Financial Management: Two 1000 face value bonds are both redeemable at par with
Reference No:- TGS01466059

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