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Refer to the following information: a. ATAM decides to call the bond one year before it is due to expire. The interest rate on one-year
Refer to the following information: a. ATAM decides to call the bond one year before it is due to expire. The interest rate on one-year Treasury bonds is 2.45%. What price must ATAM pay to call the bonds? (Do not round your intermediate calculations. Round your answer to 2 decimal places.) b. If the interest rate on Treasury bonds is 11.45%. What price must ATAM pay to call its bonds? (Do not round your intermediate calculations. Round your answer to 2 decimal places.) Refer to the following information: a. ATAM decides to call the bond one year before it is due to expire. The interest rate on one-year Treasury bonds is 2.45%. What price must ATAM pay to call the bonds? (Do not round your intermediate calculations. Round your answer to 2 decimal places.) b. If the interest rate on Treasury bonds is 11.45%. What price must ATAM pay to call its bonds? (Do not round your intermediate calculations. Round your answer to 2 decimal places.)
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