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(1 point) A company issues a 25-year $6000 bond, redeemable at 103 with bond interest at j2 = 6%. The bond is callable at the

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(1 point) A company issues a 25-year $6000 bond, redeemable at 103 with bond interest at j2 = 6%. The bond is callable at the end of 15 years for $4400, at the end of 20 years for $5800 or at the end of 10 years for $6860. Determine the price to guarantee the investor a yield of 12 = 11%. Answer: $

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