Several years ago you purchased a callable corporate bond at its $1,000 par value. The bonds call
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Several years ago you purchased a callable corporate bond at its $1,000 par value. The bond’s call price is $1,060. Since you purchased the bond, interest rates have fallen a little, and the bond’s market price is $1,030. If the bond is called from you today, what is the call premium?
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The call premium is the amount above the par value that t...View the full answer
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Related Book For 
Principles Of Managerial Finance
ISBN: 9781292400648
16th Global Edition
Authors: Chad Zutter, Scott Smart
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