Question: 1 . Pineapple Hospital issued a 3 0 - year, 1 0 % annual coupon bond ( par value $ 1 , 0 0 0

1. Pineapple Hospital issued a 30-year, 10% annual coupon bond (par value $1,000) two years ago. The bond now has 28 years remaining and is selling at $1,400. The bond has a call provision that allows the hospital to call the bond in ten years (from the date of issuance) at a call price of $1,200. If an investor expects a call and requires 5.5% of return, will the investor buy this bond now?
Yes
No

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