Question
A 5.50 percent corporate coupon bond is callable in 10 years for a call premium of 1 year of coupon payments. Assuming a par value
| A 5.50 percent corporate coupon bond is callable in 10 years for a call premium of 1 year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond? (Round your answer to the nearest dollar amount. Omit the "$" sign in your response.) |
| Price paid | $ |
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
