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A 20-year, 8% semiannual coupon bond with a par value of $1,000 may be called in 5 years at a call price of $1,040. The
A 20-year, 8% semiannual coupon bond with a par value of $1,000 may be called in 5 years at a call price of $1,040. The bond sells for $1,100. (Assume that the bond has just been issued.)
| Years to maturity: | ? | |
| Periods per year: | ? | |
| Periods to maturity: | ? | |
| Coupon rate: | ? | |
| Par value: | ? | |
| Periodic payment: | ? | |
| Current price | ? | |
| Call price: | ||
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Financial Institutions Management
Authors: Anthony Saunders, Marcia Cornett
8th Edition
0078034809, 978-0078034800
