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Part 1-03: Suppose East Coast Yachts issues the coupon bonds with a make-whole call provision (which means it is callable bond). The make-whole call rate

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Part 1-03: Suppose East Coast Yachts issues the coupon bonds with a make-whole call provision (which means it is callable bond). The make-whole call rate is the Treasury rate plus 0.50%. If East Coast calls the bonds in seven years, what is the call price of the bond? Requirements 3 (5 points): a. Read the following article: "Make-Whole Call Provisions" b. Use the Excel template (Case Study 3) Spreadsheet: P1-Q3 c. Complete either Q3-a or Q3-b. For Q3-a Find the make-whole call price if the treasury rate is 4.8% Use the Excel formula to complete this task. Formula: "-PRICE(settlement, maturity, rate, yld, redemption, frequency,[basisl)" ii. For Q3-b

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