Tiffany buys a $1,000 bond with semiannual coupons and a nominal coupon rate of 6% convertible semiannually. She pays $1,022. It is a six-year bond with call dates at the end of years 2 and 3. The redemption value at each of these dates and also at maturity is $1,060. Find the possible yields to the investor. Which is the least? Is the bond sold at discount or premium?
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option C is correct ✔️
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