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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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Public Finance
Authors: John E. Anderson
2nd edition
978-0538478441, 538478446, 978-1133708360, 1133708366, 978-1111526986
