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You bought a 22.0-year, 9.08% semi-annual coupon bond today and the current market rate of return is 5.86%. The bond is callable in 5.0 years
You bought a 22.0-year, 9.08% semi-annual coupon bond today and the current market rate of return is 5.86%. The bond is callable in 5.0 years with a $83.00 call premium. What price did you pay for your bond?
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