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On 01st Jan 2017. ABC Company issued a 5-year bond with a principal of $100 000. annual coupons of 5% p.a., and a call provision
On 01st Jan 2017. ABC Company issued a 5-year bond with a principal of $100 000. annual coupons of 5% p.a., and a call provision on 01 Jan 2020 at the price of $96.38. Given that the yield is 8% p.a. on 01st Jan 2020, would the ABC Company exercise the call provision to buy back the bond at $96.38? Explain why. Use the editor to format your
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Entrepreneurship
Authors: Andrew Zacharakis, William D Bygrave
5th Edition
9781119563099
