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1. Assume you are the Chief Financial Officer (CFO) of Best Buy. You currently have a 10% long-term bond for $100 million that has 10
1. Assume you are the Chief Financial Officer (CFO) of Best Buy. You currently have a 10% long-term bond for $100 million that has 10 years left to maturity and is callable. You notice that the current bond market interest rate has fallen to 5% for a bond of similar risk and maturity.
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a. How do you take advantage of this scenario?
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