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Please answer. Thanks! 7. The price of a 20 year, 12% bond is $875. There is an option, and the firm may purchase the bond
Please answer. Thanks!
7. The price of a 20 year, 12% bond is $875. There is an option, and the firm may purchase the bond back in 4 years at par plus one year's interest. Derive the yield to maturity and the yield to callStep by Step Solution
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