How much more is the bond worth

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Question: A bond has 18 years to maturity, but only 12 years to its first call option. It has a par value of $1,000 with a coupon rate of 4.1%, paid twice annually. The YTM of bonds of similar term and risk is currently 3.8%. How much more/(less) is the bond worth if it is assumed the bond will be called than if it will not be called?

Reference no: EM131947210

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