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4. You bought a $1,000 face value Pfizer callable bond in September 2020 that is callable at 101 in 2025 and 2026 and at par

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4. You bought a $1,000 face value Pfizer callable bond in September 2020 that is callable at 101 in 2025 and 2026 and at par after 2026. It has a coupon rate of 4.3%/year. Excluding interest, how much would you receive if Ford called the bond in 2025 a. When is Ford likely to call the bond? 5. You bought a convertible bond issued by Spark Corp which has a conversion ratio of 25

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