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A bond matures in 25 years but is callable in 10 years at 120. The call premium decreases by 2 percent of par per year.

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A bond matures in 25 years but is callable in 10 years at 120. The call premium decreases by 2 percent of par per year. If the bond is called in 14 years, how much will you receive? Bond call price in 14 years

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