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Q27) You bought a 18.0-year, 6.78% semi-annual coupon bond today and the current market rate of return is 5.88%. The bond is callable in 5.0
Q27) You bought a 18.0-year, 6.78% semi-annual coupon bond today and the current market rate of return is 5.88%. The bond is callable in 5.0 years with a $50.00 call premium. What price did you pay for your bond? (2.0 points)
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