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Q5) You bought a 12-year, 09.70% semi-annual coupon bond today and the current market rate of return is 08.70%. The bond is callable in 3
Q5) You bought a 12-year, 09.70% semi-annual coupon bond today and the current market rate of return is 08.70%. The bond is callable in 3 years with a $86 call premium. What price did you pay for your bond? (2 points)
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Financial Management Principles and Application
Authors: Arthur J. Keown, J. William Petty, David F. Scott, Jr.
10th edition
