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-ourdes Corporation's 12% coupon rate, semiannual payment, $1,000 par value bonds, which mature in 15 years, are callable 3 years from today at $1,050. a.

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-ourdes Corporation's 12% coupon rate, semiannual payment, $1,000 par value bonds, which mature in 15 years, are callable 3 years from today at $1,050. a. What is the best estimate of these bonds' remaining life? Round your answer to the nearest whole number. years I. Since interest rates have risen since the bond was first issued, the coupon rate should be set at a rate above the current coupon rate. II. Since the bonds are selling at a premium, the coupon rate should be set at the going rate, which is the YTC. III. Since the bonds are selling at a premium, the coupon rate should be set at the going rate, which is the YTM. IV. Since Lourdes wishes to issue new bonds at par value, the coupon rate should be set the same as that on the existing bonds. V. Since Lourdes wishes to issue new bonds at par value, the coupon rate should be set the same as the current yield on the existing bonds

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