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A bond matures in 25 years, but is callable in 10 years at 112%. 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 112%. The call premium decreases by 2 percent of par per year until the call price reaches par. If the bond is called in 13 years, how much will you receive? 51,080 $1,060 $1.040 O $1,020 $1.000

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