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Question
Will owns a bond with a make-whole call provision. The bond matures in 13 years but is being called today. The coupon rate is 8.25 percent with interest paid semiannually. What is the current call price if the applicable discount rate is 7.75 percent and the make-whole call provision applies?A. $932.84
B. $957.11
C. $1,040.51
D. $1,110.28
E. $1,128.66
Answer
This answer is hidden. It contains 28 characters.
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