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Use the following information for Questions 6 - 10: Table of Interest Rates: Consider the following bond: - Exactly 3 years to maturity - 9.7%
Use the following information for Questions 6 - 10: Table of Interest Rates: Consider the following bond: - Exactly 3 years to maturity - 9.7% coupon rate, paid annually - \$100 par value - Bond is callable in exactly 1 year for 101.5 and exactly 2 years for 100.5 . Ratefromt=0tot=1 Ratefromt=1tot=2 Rate from t=2 to t=3 What is the price of the callable bond in this scenario per 100 of par value? Round your answer to three decimal places
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