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Question
Ted owns a bond which is callable in 2.5 years. The bond has a 6 percent coupon, pays interest semiannually, has a par value of $1,000, and has a yield to call of 6.3 percent. What is the call premium if the bond currently sells for $1,044.54?A. $50
B. $60
C. $70
D. $75
E. $80
Answer
This answer is hidden. It contains 53 characters.
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