Suppose a corporation issues a $9 million, three-period, 5% coupon bond with a sinking fund obligation requiring
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Suppose a corporation issues a $9 million, three-period, 5% coupon bond with a sinking fund obligation requiring the company to sink $3 million in period 1 and $3 million in period 2, with the company having the option to either buy the bonds in the market or call them at CP =
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