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You're considering an investment in 1 2 - year, $ 1 , 0 0 0 face value bonds with a 9 . 0 0 %
You're considering an investment in year, $ face value bonds with a coupon paid semiannually and a yield to maturity of The bonds are callable in four years at a call price of $ If you believe that the bonds will be called how much will you earn?
Select one:
a
b
c
d
e
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