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You wish to buy a callable bond with the following characteristics:Face Value = 6000Coupon Rate is r= 0.035 per period Duration = between 12 and
You wish to buy a callable bond with the following characteristics:Face Value = 6000Coupon Rate is r= 0.035 per period Duration = between 12 and 16 periods (12, 13, 14, 15, or 16)If you want to guarantee a yield rate of at least 0.055 per period, what price should you offer
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