1. Callable Bonds (LO2, CFA3) A particular bond matures in 30 years. It is callable in 10...

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1. Callable Bonds (LO2, CFA3) A particular bond matures in 30 years. It is callable in 10 years at 110. The call price is then cut by 1 percent of par each year until the call price reaches par. If the bond is called in 12 years, how much will you receive? Assume a $1,000 face value.

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