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A 10-year 4% $10,000 par value bond with a semi annual coupon is offered. The bond is callble in 5 years at a price of
A 10-year 4% $10,000 par value bond with a semi annual coupon is offered. The bond is callble in 5 years at a price of $10,200.00. What is the highest price an investor would be willing to pay for this bond if their required yield is 12% ?
**Use financial calculator inputs please
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