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Problem #4: A corporation issues a 20 year bond with the final redemption value equal to the face value of $1000, 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 $1000, and semiannual coupons of 11%. However, the bond is callable at the end of 10 years at $1100, and at the end of 15 years at $1040 What is the price of the bond if the investor's yield (the "yield-to-worst") is 9590? Problem #4: Answer correct to 2 decimals. Just Save Submit Problem #4 for Grading Attemptei Problem #4 Your Answer: Attempt #2 Attempt #3 Attempt #4 Attempt #5 Your Mark

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