The AIF Company issued a 10-year bond at par (F = $1,000) that pays a coupon of
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The AIF Company issued a 10-year bond at par (F = $1,000) that pays a coupon of 11% on an annual basis and is callable at $1,100. Suppose you bought the bond when it was issued, and at the time of your purchase suppose the yield curve was flat and continued to remain at that level during years 1 through
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