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Assignment 12: Problem 4 Previous Problem Problem List Next Problem (1 point) A company issues a 25-year $8000 bond, redeemable at 102 with bond interest

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Assignment 12: Problem 4 Previous Problem Problem List Next Problem (1 point) A company issues a 25-year $8000 bond, redeemable at 102 with bond interest at = 8%. The bond is callable at the end of 15 years for 98895, at the end of 20 years for $8336 or at the end of 10 years for $9456. Determine the price to guarantee the investor a yield of j12 - 11%. Answer: $

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