A 9-year bond with a face value of 1000 dollars is redeemable at twice par and earns interest at 9.2 percent convertible semiannually. If the yield rate is 7.4 percent convertible semiannually, find the book value two months after the payment of the 13th coupon. (Recall that we use simple interest for points in time between coupon payments.)
Answer =
dollars.