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A bond matures in 25 years, but is callable in 8 years at 124. The call premium decreases by 1 percent of par per year.
A bond matures in 25 years, but is callable in 8 years at 124. The call premium decreases by 1 percent of par per year. If the bond is called in 15 years, what percent of face value will you receive?(Omit the "%" sign in your response.) |
Bond call price in 15 years | % |
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