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A 1000 dolar value 20 year bond sells for P and yields a nominal interest rate of 10% convertible semi-annually. The bond has 9% coupons payable semi-annually and a redemption value of 1200. Calculate P.
A) 914. B) 943. C) 1013. D) 1034. E) 1097.
A) 914. B) 943. C) 1013. D) 1034. E) 1097.