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Years to maturity Required retum Amount needed Face value Coupon rate Tax rate Year bond is called Spread above Treasury Treasury rate at call Treasury

Years to maturity Required retum Amount needed Face value Coupon rate Tax rate Year bond is called Spread above Treasury Treasury rate at call Treasury rate at call $ $ 20 6.50% 40,000,000 1,000 6.50% 35% 7 0.40% 5.60% 9.10%

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