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In the year 2022, the MNOs finance manager issues $1,000 bonds @ coupon rate of 4.5%. These bonds are callable in 2027. In the year

In the year 2022, the MNOs finance manager issues $1,000 bonds @ coupon rate of 4.5%. These bonds are callable in 2027. In the year 2027, the finance managers competitor issues bonds @ coupon rate of 2%. Clearly, bond investors expectations for high interest rates have declined. What is the MNO finance manager likely to do?

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