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Five years ago, your firm issued $ 1 , 0 0 0 par, 2 0 year bonds, with a 6 % coupon rate and a

Five years ago, your firm issued $

1, 000

par,

20

year bonds, with a

6 %

coupon rate and a

8 %

call premium. the price of these bonds now is

1103.80

assume annual compounding

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