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Problem #4: A corporation issues a 20 year bond with the final redemption value equal to the face value of S1000, and semiannual coupons of

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Problem #4: A corporation issues a 20 year bond with the final redemption value equal to the face value of S1000, and semiannual coupons of 6%. However, the bond is callable at the end of 10 years at ST100, and at the end of 15 years at S1040. What is the price of the bond if the investor's yield (the yield-to-worst") is 4.592 Problem 84: Answer correct to 2 decimals. Save

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