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A 5.9% corporate coupon bond is callable in 10 years for a call premium of one year of coupon payments. Assuming a par value of
A 5.9% corporate coupon bond is callable in 10 years for a call premium of one year of coupon payments. Assuming a par value of $1000, what is the price paid to the bond holder if the issue or calls the bond?
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Financial Management Principles And Practice
Authors: Timothy Gallagher
7th Edition
0996095462, 978-0996095464
