A$1,000 bond with a coupon rate of 8% has quarterly coupons and is redeemable after an unspecified number of years at $957. the bond is bought to yield 12% convertible semiannually. if the present value of the redemption amount is $355.40, find the purchase price using the makeham formula. then check your answer using another price formula.

anyone below or above ambitious can tell you. so crowns mean brainliest. getting brainliest means your answer needs a good explanation and the person asking the question can understand your answer easily. so say there's a multiple choice question. you don't just want to say your answer is a, hope it . provide evidence and reasoning so that they know that that is the correct answer. a good explanation should have evidence, good reasoning, and your opinion on why you picked that. you don't want to look up their question on the internet and see if you can answer it. pick questions that you 100% know the answer to, so than that way you can provide a better explanation.

best of luck,

the divergent