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A $5,000 15% ten-year bond has semiannual coupons and is sold to yield 5.1% convertible semiannually. The discount on the bon

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30ludioo Given drita $6000 vallie Percentage d bona seri annun y onthe ouna = Discoun (YTM) Yieid pe Coufon viede fecentage dwhere -[race Cuaent Paice ol beunda Ce alue x Couponete & PVIFA CYTM,Tel) Face walue x PVJF (YTM, Ten (0.051,20) o X OO5X PUI2.7 -JIN 5,000 o.075x 12.3672 + Cuent Potce 6 bound .3 G000 X 4633.95t (850 484 6483.95 6484 00 Redenetion aount Cunent nice

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