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6.Your organization previously issued a 20-year, $1,000 par value bond with a 4% annual coupon rate.Coupon income is paid semi-annually.This bond currently has 15 years
6.Your organization previously issued a 20-year, $1,000 par value bond with a 4% annual coupon rate.Coupon income is paid semi-annually.This bond currently has 15 years remaining until maturity and the current yield to maturity is 4.15%.Your organization's bond is currently callable at par value, i.e. at $1,000 for every $1,000 face value.Will you call this bond?Why or Why Not??
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