Exercise 3.5.2 A company issues a 10-year bond with a coupon rate of 10%, paid semiannually. The
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Exercise 3.5.2 A company issues a 10-year bond with a coupon rate of 10%, paid semiannually. The bond is callable at par after 5 years. Find the price that guarantees a return of 12% compounded semiannually for the investor.
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