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A 25-year, 8% semiannual coupon bond with a par value of $1,000may be called in 4 years at a call price of $1,100. The bond

A 25-year, 8% semiannual coupon bond with a par value of $1,000may be called in 4 years at a call price of $1,100. The bond sellsfor $950. (Assume that the bond has just been issued.) What is thebo 2 answers

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