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Q5) You bought a 13 -year, 05.50% semi-annual coupon bond today and the current market rate of return is 04.70%. The bond is callable in
Q5) You bought a 13 -year, 05.50% semi-annual coupon bond today and the current market rate of return is 04.70%. The bond is callable in 4 years with a $93 call premium. What price did you pay for your bond? ( 2 points)
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