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please show all steps and work. My previous answers (which were incorrect) were 6388.75 and 6594.25 P6-16 (similar to) Question Help Calla le bond. Corso
please show all steps and work. My previous answers (which were incorrect) were 6388.75 and 6594.25
P6-16 (similar to) Question Help Calla le bond. Corso Books has ust sold a callable bond. It s a hirty year mont y bond with an annual cou on a e of 12% and S5 000 per value The issue ho we er can call the bond sta ng a the end of 5 years lhe ca te ures Corso Books o pay one year oadditional in Brest al he ca 12 coupon payments), what is he bond price, if priced with lhe assurnplion hat he call will b on he "sl avallable call dale? if he el on his bond is 9% and What is the bond price if pricod with the assumplion tha the call wil be on the first available call date? Round to the nearest cent)
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