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A bond matures in 25 years but is callable in 12 years at 125. The call premium decreases by 3 percent of par per year.
A bond matures in 25 years but is callable in 12 years at 125. The call premium decreases by 3 percent of par per year. If the bond is called in 17 years, how much will you receive?A bond matures in 25 years but is callable in 12 years at 125. The call premium decreases by 3 percent of par per year. If the bond is called in 17 years, how much will you receive
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Personal Finance
Authors: Jeff Madura
3rd Edition
0321357973, 978-0321357977
