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. A 20-year maturity, 7% coupon bond paying coupons semiannually is callable in five years at a call price of $1,050. The bond currently sells
. A 20-year maturity, 7% coupon bond paying coupons semiannually is callable in five years at a call price of $1,050. The bond currently sells at a yield to maturity of 6.00% (3.00% per half-year). ...
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Public Finance
Authors: John E. Anderson
2nd edition
978-0538478441, 538478446, 978-1133708360, 1133708366, 978-1111526986
