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14.Charlie Brown buys a 15-year bond with a face value of $5000 that is redeemable...

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Finance

14.Charlie Brown buys a 15-year bond with a face value of $5000 that is redeemable at par and earns interest at 5.7% convertible semiannually. If the yield rate is 6.6% convertible semiannually, find the book value of the bond 2 months before the payment of the 12th coupon. (Use simple interest for the time between coupons.)

Value = $ (3 decimal place)

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