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You bought a 29.0-year, 8.10% semi-annual coupon bond today and the current market rate of return is 7.60%. The bond is callable in 7.0 years
| You bought a 29.0-year, 8.10% semi-annual coupon bond today and the current market rate of return is 7.60%. The bond is callable in 7.0 years with a $87.00 call premium. What price did you pay for your bond? |
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Fundamentals Of Corporate Finance
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
5th Edition
1119795435, 978-1119795438
