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A bond matures in 25 years but is callable in 11 years at 122. The call premium decreases by 3 percent of par per year.

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A bond matures in 25 years but is callable in 11 years at 122. The call premium decreases by 3 percent of par per year. If the bond is called in 17 years, how much will you receive? Bond call price in 17 years 0

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