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A 19-year bond with a 11.8 percent semiannual coupon and a $1,000 face value has a nominal yield to maturity of 9.9 percent. The
A 19-year bond with a 11.8 percent semiannual coupon and a $1,000 face value has a nominal yield to maturity of 9.9 percent. The bond currently sells for $1,161.31. The bond, which may be called after 4 years, has a nominal yield to call of 9.37% percent. What is the bond's call price?
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
