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A company issues a 15-year $6500 bond, redeemable at 101 with bond interest at j 1 j1 = 7%. The bond is callable at the

A company issues a 15-year $6500 bond, redeemable at 101 with bond interest at j1j1 = 7%. The bond is callable at the end of 5 years for $5070 or at the end of 10 years for $6580. Determine the price to guarantee the investor a yield of j1j1 = 9%.

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