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Question 2 5 pts Assume that a 12-year semi-annual, 7% bond is callable after 5 years at 105% of par value and the discount rate
Question 2 5 pts Assume that a 12-year semi-annual, 7% bond is callable after 5 years at 105% of par value and the discount rate in today's market is 5%. Using the price-to-worst method, what is the value of this bond? $1,000 $1,149 $1,127 $1,268 0 $1,010
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