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Assume a hypothetical 30- year bond is issued on 15 August 2019 at a price of 98.195 (as a percentage of par). Each bond

Assume a hypothetical 30- year bond is issued on 15 August 2019 at a price of 98.195 (as a percentage of par). Each bond has a par value of $1,000. The bond is callable in whole or in part every 15 August from 2029 at the option of the issuer. The call protection period is

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