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Question
A bond has 6 years until it can be called, a 7 percent coupon, and a $1,000 face value. The bond has a market value of $1,031.90 and a yield to call of 7.35 percent. What is the call premium?A. $45
B. $55
C. $65
D. $75
E. $85
Answer
This answer is hidden. It contains 31 characters.
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