You bought a 21-year, 04.60% semi-annual coupon bond today and the current market rate of return is

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You bought a 21-year, 04.60% semi-annual coupon bond today and the current market rate of return is 03.90%. The bond is callable in 5 years with a $79 call premium. What price did you pay for your bond?Please show steps

Posted Date: May 21, 2024 04:00 AM

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You bought a 21-year, 04.60% semi-annual coupon bond today and the current market rate of return is

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