What is the bonds call price
Assignment:
A 15-year, $1,000 face value bond with a 10% semiannual coupon has a nominal yield to maturity of 7.5%. The bond, which may be called after five years, has a nominal yield to call of 5.54%. What is the bond's call price?
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The bond, which may be called after five years, has a nominal yield to call of 5.54%. What is the bond's call price?
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