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A callable bond with a face value of $1,500 is redeemable at par in 20 years. It is callable after 10 years at $1,750. The

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A callable bond with a face value of $1,500 is redeemable at par in 20 years. It is callable after 10 years at $1,750. The bond pays semiannual coupons at 9.0%. What is the maximum price you would be willing to pay for this bond to guarantee a yield of 7.0% (r2 = 7.0%)? $1 QQQ 72

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