A 9-year bond with a face value of 2000 dollars is redeemable at par and earns interest at 8.6 percent convertible semiannually. If the yield rate is 6.6 percent convertible semiannually, find the book value 4 months after the payment of the 7th coupon. (Recall that we use simple interest for points in time between coupon payments.)
Answer = dollars.