You own a callable bond with 6 years left to maturity.It has a face value of $1000.It
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You own a callable bond with 6 years left to maturity.It has a face value of $1000.It pays semiannually, has a 6.3% yield and a 8% coupon rate.The call premium is $20.Calculate how much the bond issuer would make for each bond issuedif these bonds were called in.
Related Book For
Fundamentals of Corporate Finance
ISBN: 978-1259024962
6th Canadian edition
Authors: Richard Brealey, Stewart Myers, Alan Marcus, Devashis Mitra, Elizabeth Maynes, William Lim
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