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Question 15 5 pts A company has a 10% bond that has a face value of $1000 and matures in 10 years. Assume that coupon
Question 15 5 pts A company has a 10% bond that has a face value of $1000 and matures in 10 years. Assume that coupon payments are made semi-annually. The bonds can be called after 5 years at a premium of 8% over face value. What is the value of the bond if rates drop immediately to 7%? $1,142 $1,181 $1,450 $1,332 $457
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