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A bond has a $1,000 par value, ten years to maturity, and pays a coupon of 6.0% per year, semiannually. The bond is callable in

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A bond has a $1,000 par value, ten years to maturity, and pays a coupon of 6.0% per year, semiannually. The bond is callable in five years at 105% of its par value. If the bond's yield to maturity is 5.7% per year, what is its value? 1) $1,022.63 2) $1,015.98 3) $1,012.45 4) $1,027.50 5) $1,101.34

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