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A 18-year bond with a 11.5 percent semiannual coupon and a $1,000 face value has a nominal yield to maturity of 9.9 percent. The bond
A 18-year bond with a 11.5 percent semiannual coupon and a $1,000 face |
value has a nominal yield to maturity of 9.9 percent. The bond currently sells for |
$1,133.23. The bond, which may be called after 1 years, has a nominal yield to |
call of 8.57% percent. What is the bonds call price? |
Group of answer choices
$1,115.00
$1,125.00
$1,105.00
$1,095.00
$1,085.00
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