Question: 4 - 1 2 . A 1 0 - year, 1 2 % semiannual coupon bond with a par value of $ 1 , 0

4-12. A 10-year, 12% semiannual coupon bond with a par value of $1,000 may be called in 4 years at a call price of $1,060. The bond sells for $1,100.(Assume that the bond has just been issued.)
4 - 1 2 . A 1 0 - year, 1 2 % semiannual coupon

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