What is the bond price if priced with the assumption that


Corso Books has just sold a callable bond It is a? thirty-year quarterly bond with an annual coupon rate of 7?% and ?$5,000 par value. The? issuer, however, can call the bond starting at the end of 6 years. If the yield to call on this bond is 9?% and the call requires Corso Books to pay one year of additional interest at the call ?(4 coupon? payments), what is the bond price if priced with the assumption that the call will be on the first available call? date?

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Financial Management: What is the bond price if priced with the assumption that
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