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A $1000 bond with semi-annual coupons at j 2 = 12% is redeemable at par in 20 years. It is callable at 110 in 10
A $1000 bond with semi-annual coupons at j 2 = 12% is redeemable at par in 20 years. It is callable at 110 in 10 years or at 105 at the end of 15 years. Which call date (in years) will give you t...
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