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A Bethlehem Steel Corporation $1000, 9% debenture is due on May 15, 2000. Interest is payable on May 15 and November 15. The Bond may

A Bethlehem Steel Corporation $1000, 9% debenture is due on May 15, 2000. Interest is payable on May 15 and November 15. The Bond may be called at 104 on May 15, 1994.

Find the value of the bond on May 15, 1990, if the yield rate is to be 10% converted semiannually, assuming:

(a) The bond is called at 104 on May 15, 1994

(b) The bond is redeemed at par on May 15, 2000

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