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When yield to maturity decreases from 8% to 7%, what happens to a callable bond? (Assuming we know that it has a par value 100,
When yield to maturity decreases from 8% to 7%, what happens to a callable bond? (Assuming we know that it has a par value 100, coupon rate 8% and maturity time is 10 years.)
(Assuming we know that it has a par value 100, coupon rate 8% and maturity time is 10 years.)
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