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5 7 . A bond has the following terms: Coupon 1 0 % Term 1 5 years Principal $ 1 , 0 0 0 If

57 .

A bond has the following terms:

Coupon

10 %

Term

15

years

Principal $

1, 000

If you expect the bond to be called one year from now, after one full year payment of interest what would be the maximum price you should pay for the bond?

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