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Question
A semi-annual coupon bond has a 6.5 percent coupon rate, a $1,000 face value, a current value of $1,054.54, and 4 years until the first call date. What is the call price if the yield to call is 6.7 percent?A. $1,000
B. $1,020
C. $1,040
D. $1,060
E. $1,080
Answer
This answer is hidden. It contains 2 characters.
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