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A 10-year bond has a par value of $1000, and a coupon rate of 5%. The current required rate of return is 5%. What is
A 10-year bond has a par value of $1000, and a coupon rate of 5%.
The current required rate of return is 5%. What is the price of the bond?
The bond has a call feature that allows the issuer to call the bond after 6 years for a price of $1200. Calculate the yield to call.
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