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Assignment 12: Problem 2 Previous Problem Problem List Next Problem (1 point) A company issues a 20-year $8500 bond, redeemable at 97 with bond interest

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Assignment 12: Problem 2 Previous Problem Problem List Next Problem (1 point) A company issues a 20-year $8500 bond, redeemable at 97 with bond interest at ja -7%. The bond is callable at the end of 10 years for $719 or at the end of 15 years for $8740. Determine the price to guarantee the investor a yield of j4 = 11%. Answer: $ 7057.197

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