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Bond Q has par value $1,000, coupon rate 6.4% (paid semiannually), a matures 28 years from today. It is callable beginning 15 years from today.

Bond Q has par value $1,000, coupon rate 6.4% (paid semiannually), a matures 28 years from today. It is callable beginning 15 years from today. Call price is equal to par value, plus the annual coupon.

Calculate the price of Bond Q if its yield to call is 4.8% BEY. Express your answer with three digits after the decimal place (e.g., 1234.567).

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Bond Q has par value $1,000, coupon rate 6.4% (paid semiannually), a matures 28 years from today. It is callable beginning 15 years from today. Call price is equal to par value, plus the annual coupon. Calculate the price of Bond Q if its yield to call is 4.8% BEY. Express your answer with three digits after the decimal place (e.g., 1234.567)

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