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5. A callable par-value bond has the coupon rate r and FC, with n semiannal coupon. The call date is at the moment of k-th

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5. A callable par-value bond has the coupon rate r and FC, with n semiannal coupon. The call date is at the moment of k-th coupon. For all mk, k+1,. , n, let Pm denote the price to yield interest i assuming that the bond is called immediately after the m-th coupon has been paid. If r

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