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A 5.9 percent coporate coupon bond is callable in 10 years for a call premium of one year of coupon payments. Assuming a par value
A 5.9 percent coporate 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 bondholder at the issuer calls the bond? what is the amlunt paid?
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Public Finance
Authors: Steven G. Medema, Carl Sumner Shoup
1st Edition
0202307859, 978-0202307855
