A 48 percent corporate coupon bond is callable in ten years


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A 4.8 percent corporate coupon bond is callable in ten years for a call premium of one year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond?

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Financial Management: A 48 percent corporate coupon bond is callable in ten years
Reference No:- TGS02643680

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