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14) Taussig Corp.'s bonds currently sell for $1,150. They have a 55% annual coupon rate and a 20-year maturity, but they can be called in

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14) Taussig Corp.'s bonds currently sell for $1,150. They have a 55% annual coupon rate and a 20-year maturity, but they can be called in 5 years at $1,028 Assume that no costs other than the call premium , with would be incurred to call and refund the bonds, and also assume that the yield curve is horizontal rates expected should an investor expect to earn if he or she purchases these bonds? Explain. (5 points) to remain at current levels on into the future. Under these conditions, what rate of return

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