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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

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?

Please solve in on Financial calculator or formula. We are not allowed to use EXCEL during the exam. Thanks!

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