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Johnson Corp. Issued 10 year 6% bonds 3 years ago with a call option of 1000 exercisable at the end of year 3. The market
Johnson Corp. Issued 10 year 6% bonds 3 years ago with a call option of 1000 exercisable at the end of year 3. The market interest rate at that time was 5%. There had been 2% increase in interest rate over these 3 years. How much is that bond worth today ?
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