Question
A bond matures in 25 years, but is callable in 9 years at 125. The call premium decreases by 3 percent of par per year.
A bond matures in 25 years, but is callable in 9 years at 125. The call premium decreases by 3 percent of par per year. If the bond is called in 15 years, how much will you receive as a percentage of par?
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TExES Business And Finance Secrets Study Guide
Authors: TExES Exam Secrets Test Prep Team
1st Edition
1516706862, 978-1516706860
