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Intermediate corporate FINA You are interested in a newly issued bond. It has 30 years to maturity. It is a $1000 par value, 6% coupon

Intermediate corporate FINA
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You are interested in a newly issued bond. It has 30 years to maturity. It is a $1000 par value, 6% coupon bond (with semiannual payments). The current market rate for a bond of this risk category is 6.75%. The bond is callable in 12 years for pay plus 2 coupon payments. How much should you expect to pay

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