The bond is callable in 4 years with a 1100 call premium


You bought a 10-year, 6.1% semi-annual coupon bond today and the current market rate of return is 9%. The bond is callable in 4 years with a $1100 call premium. What price did you pay for your bond?

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Finance Basics: The bond is callable in 4 years with a 1100 call premium
Reference No:- TGS02834427

Now Priced at $10 (50% Discount)

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