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Your company has bonds that mature in 8 years and have a face value of $ 1 , 0 0 0 . The bonds have

Your company has bonds that mature in 8 years and have a face value of $1,000. The bonds have a 7 percent semi-annual coupon (pays $35 every six months). The bonds may be called in five years. The bonds have a YTM of 6 percent and a yield-to-call of 6.70 percent.Determine the bonds' call premium. $40 $70O $80 $60 $50

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