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You bought a 20.0- year, 7.30% semi-annual coupon bond today and current market rate of return is 6.30%. The bond is callable in 4.0 years
You bought a 20.0- year, 7.30% semi-annual coupon bond today and current market rate of return is 6.30%. The bond is callable in 4.0 years with $50.00 call premium. What price did you pay for your bond?
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