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(1 point) A company issues a 15-year $9500 bond, redeemable at 105 with bond interest at ji = 6%. The bond is callable at the

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(1 point) A company issues a 15-year $9500 bond, redeemable at 105 with bond interest at ji = 6%. The bond is callable at the end of 5 years for $7950 or at the end of 10 years for $9500. Determine the price to guarantee the investor a yield of ji = 11%. Answer: $

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