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Callable bonds are 5 years from maturity, makes semiannual payments, has a 6% yield, and 8% coupon rate. There are 100,000 total bond issues and
Callable bonds are 5 years from maturity, makes semiannual payments, has a 6% yield, and 8% coupon rate. There are 100,000 total bond issues and the call price is $1090. How much would the issuer gain or lose if these bonds were called in? (Enter a positive value for gain and negative value for loss)
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