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Value a 30 year, $1,000 bond with a coupon rate of 10% that is callable after 10 years at a 103% of par. Assume market
Value a 30 year, $1,000 bond with a coupon rate of 10% that is callable after 10 years at a 103% of par. Assume market yields are 8% and semi-annual coupon payments.
A. $1,226.23
B. $1,149.59
C. $1,506.92
D. $752.67
E. $1,815.42
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