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At the end of 15 years at $1040, what is the price of the bond? PI'Oblem #4: A corporation issues a 20 year bond with

At the end of 15 years at $1040, what is the price of the bond?

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PI'Oblem #4: A corporation issues a 20 year bond with the nal redemption value equal to the face value of $1000, and semiannual coupons of 8.5%. However, the bond is callable at the end of 10 years at $1100: and at the end of 15 years at 31040. What is the price of the bond if the investor's yield (the "yield-to-'mej is 1'96? Problem #4: I Answer correct to 2 decimals. Just Save Submit Problem #4 for Glading

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