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# 24,solve using financial calculator Assume that a 30-year semi-annual, 12% $1,000 bond is callable after 15 years at 105% of par value and the

# 24,solve using financial calculator Assume that a 30-year semi-annual, 12% $1,000 bond is callable after 15 years at 105% of par value and the discount rate in todays market is 10%. Using the price-to-worst method, what is the value of this bond?

$1,165
$1,189
$1,245
$1,120
$967

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