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The market yield of a twelve-year, 8 percent coupon, semi-annual bond is 6.6 percent.The bond is callable in four years and its yield to call
The market yield of a twelve-year, 8 percent coupon, semi-annual bond is 6.6 percent.The bond is callable in four years and its yield to call is 6.48 percent.What is the call price of the bond?
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