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A 10% bond with face amount 100 is callable on any coupon date from 15.5 years after issue up to the maturity date with is
A 10% bond with face amount 100 is callable on any coupon date from 15.5 years after issue up to the maturity date with is 20 years from issue. Assuming that the bond is collarless at a redemption amount of 110, including the redemption at maturity. Find the price of the bond to yield a minimum nominal annual rate of 12%, 10%, and 8%.
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