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Harwood enterprises, a large retailer of pet supplies, is about to call its 9.5% semiannual 20-year callable bonds. The next coupon date is in 85
Harwood enterprises, a large retailer of pet supplies, is about to call its 9.5% semiannual 20-year callable bonds. The next coupon date is in 85 days. The current market price is $1,115. The call price is $1,050. Assuming a30/360 day-count convention for accrued interest,what is the amount that investors holding the callable bonds will receive?
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