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1. Sam owns a 12-year, 7% bond with a make-whole call provision that is being called today. Interest is paid semiannually. What is the current

1. Sam owns a 12-year, 7% bond with a make-whole call provision that is being called today. Interest is paid semiannually. What is the current call price if the applicable discount rate is 6.50% and the make-whole call provision applies?

A. $1,041.22

B. $1,060.35

C. $960.29

D. $1,000.00

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