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Co. ABC has issued 1,000 face value callable bond with a coupon rate of 6%, call protection period of 5 years and maturity of 10
Co. ABC has issued 1,000 face value callable bond with a coupon rate of 6%, call protection period of 5 years and maturity of 10 years. The bonds were originally issued at 980 and can be called to provide a make-to-whole premium of 9%. Calculate the call price if the bonds are called back at the end of 7th year.
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