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4. You bought a $1,000 face value J&J callable bond in September 2022 that is callable at 101 in 2027 and 2028 and at par

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4. You bought a $1,000 face value J\&J callable bond in September 2022 that is callable at 101 in 2027 and 2028 and at par after 2028. It has a coupon rate of 4.9%/y year. Excluding interest, how much would you receive if J\&J called the bond in 2028? a. When is J\&J likely to call the bond? 5. You bought a convertible bond issued by Game Corp which has a conversion ratio of 50 common shares for each $1,000 bond. a. At what stock price per share would you make a profit ("in the money") if you bought the bond at par? b. What would you expect the bond to sell for in the market if the stock trades at $29 per share

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