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A $1000 par value bond with 4% semiannual coupons is callable at the end of the 10th through the 15th years at par. Find the

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A $1000 par value bond with 4% semiannual coupons is callable at the end of the 10th through the 15th years at par. Find the price so that the yield rate is at least 3% compounded semiannually. A. $1000 B. $1016 C. $1070 D. $1086 E. $1120

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