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Question
You own a bond that pays semiannual interest payments of $38. The bond is callable in 2 years at a premium of $76. What is the callable bond price if the yield to call is 7.9 percent?A. $995.46
B. $1,016.86
C. $1,059.64
D. $1,124.87
E. $1,220.87
Answer
This answer is hidden. It contains 28 characters.
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