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a bond is currently callable by the corporation at $1,060. The bond matures in 10 years, has a par value of $1,000 and a coupon
a bond is currently callable by the corporation at $1,060. The bond matures in 10 years, has a par value of $1,000 and a coupon rate of 12%, and pays interest semi annually. the curent market yield on bonds of the same credit rating is 8%. a rational investor would pay up to how much money to purchase this bond today?
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