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Keenan Industries has a bond outstanding with 17 years to maturity, a 9.0% nominal coupon rate, semiannual payments, and a $1,000 par value. The bond
Keenan Industries has a bond outstanding with 17 years to maturity, a 9.0% nominal coupon rate, semiannual payments, and a $1,000 par value. The bond has a 7.80% nominal yield to maturity, but it can be called in 5 years at a price of $1,090. What is the bond |
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