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You bought a 23-year, 03.50% semi-annual coupon bond today and the current market rate of return is 02.80%. The bond is callable in 7 years
| You bought a 23-year, 03.50% semi-annual coupon bond today and the current market rate of return is 02.80%. The bond is callable in 7 years with a $52 call premium. What price did you pay for your bond? |
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Contemporary Issues In Quantitative Finance
Authors: Ahmet Can Inci
1st Edition
1032101121, 978-1032101125
