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A firm needs to issue a 10 year fxed-rate bond. The CFO believes that (1) Rave interest rates wall not go Nigher than noday's level

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A firm needs to issue a 10 year fxed-rate bond. The CFO believes that (1) Rave interest rates wall not go Nigher than noday's level within the next 10 years and (2) Isure interest rates will hot fat below loday's rates wein the next 10 yeart. Which bond should the CFO recommend to issue? Aputable bond at 103 A callable and putable bond at 101 Acalable bond at 90 A vivalohi bond at 100

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