Question

A 14-year bond with a face value of $1000 is redeemable at par and earns interest...

A 14-year bond with a face value of $1000 is redeemable at par and earns interest at 7.7% convertible semiannually. If the yield rate is 9.7% convertible semiannually, find the book value immediately after the payment of the 6th coupon.

B_6 = $

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