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Canada Call Provision Evergreen Industries previously issued a 1 0 - year, 6 % coupon rate bond, semiannual payments, with a par value of $
Canada Call Provision Evergreen Industries previously issued a year, coupon rate bond, semiannual payments, with a par value of $ It is callable at any time, with the call price based on a year Government of Canada GoC bond yield at the time of the call Assume the company calls the bonds with years remaining to maturity. The year GoC bond yield is at the call date. What would be the call price for these bonds? I think that N since the number of years befores the first call date is and since this has semiannual compounding If this is wrong please let me know. PLEASE SHOW ALL STEPS AND REASONING.
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