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Your Corporation issues a 30-year 4.1% coupon Putable Bond. The bond is putable each year after year 5 at $100 (par value). 8 years from
Your Corporation issues a 30-year 4.1% coupon Putable Bond. The bond is putable each year after year 5 at $100 (par value). 8 years from the issue date, replacement bonds in the market are trading with a 1.4% yield. What should your firm do? Put the bonds Don't Put the bonds at this point in time Nothing, the issuer does not own this option
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