Question: 4 . You are considering purchasing a 1 5 - year, $ 1 , 0 0 0 - par - value bond.The coupon rate on

4.You are considering purchasing a 15-year, $1,000-par-value bond.The coupon rate on this bond is 9%.You expect the bond to be called in three years.The call price will be $1,050.If the current market price for this bond is $985, what is the yield-to- call?If the current market rate is 10%, should you purchase this bond?

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