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What is the price of this bond if priced with the assumption

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Corso Books has just sold a callable bond. The bond is a thirty year semi-annual bond with a coupon rate of 6%. Investors, however, can call the bond starting at the end of ten years. If the yield-to-call on this bond is 8% and the call requires Corso Books to pay one year of additional interest at the call (two coupon payments), what is the price of this bond if priced with the assumption that it will be called on the first available call date ?

Reference no: EM131150219

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