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Corso Books has just sold a callable bond. It is a ? thirty - year Semiannual bond with an annual coupon rate of 7 %
Corso Books has just sold a callable bond. It is a thirtyyear Semiannual bond with an annual coupon rate of and $ par value. The? issuer, however, can call the bond starting at the end of years. If the yield to call on this bond is and the call requires Corso Books to pay one year of additional interest at the call coupon? payments what is the bond price if priced with the assumption that the call will be on the first available call? date?
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