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What is the coupon amount

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Question - A company issues a $1,000 perpetual bond. The current rate is 6%. Next period, the ratewill change to either 4% or 10%, with equal probability. The bond is callable at the end of the first year only, for a price of $1,117.90. What is the coupon amount, if the bond sells at par?

Reference no: EM132982475

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