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Six years ago the Templeton Company issued 17-year bonds with a 14%annual coupon rate at their $1,000 par value. The bonds had a 9%call premium,

Six years ago the Templeton Company issued 17-year bonds with a 14%annual coupon rate at their $1,000 par value. The bonds had a 9%call premium, with 5 years of call protection. Today Templetoncall 2 answers

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