Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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A 5.7% corporate coupon bond is callable in 5 years with a call premium of 1 year of coupon payments and is currently offered for sale at $918.10; Assuming a par value of $1,000 and semi-annual compounding, what is the price paid to the bondholder if the issuer calls the bond?"
$918.10
"$1,342.00 "
"$1,260.10 "
"$1,057.00 "
"$1,031.00 "
$943.00
$975.10
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