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A company issues a 25 -year $7500 bond, redeemable at 102 with bond interest at j1= 8%. The bond is callable at the end of

A company issues a 25 -year $7500 bond, redeemable at 102 with bond interest at j1= 8%. The bond is callable at the end of 15 years for $6365 or at the end of 20 years for $7780. Determine the price to guarantee the investor a yield of j1=11%

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