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??????? The market yield rate on a twelve-year ( 7 % ) annual-pay bond is ( 6 % ). The bond is callable in three

??????? The market yield rate on a twelve-year \( 7 \% \) annual-pay bond is \( 6 \% \). The bond is callable in three years and its yield to call is \( 5.7 \% \). What is the call price of the bond? \[ \begi 2 answers

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