Question: A 10% bond with face amount 100 is callable on any coupon date from 15.5 years after issue up to the maturity which is 20

A 10% bond with face amount 100 is callable on any coupon date from 15.5 years after issue up to the maturity which is 20 years from issue.

(a) Find the price of the bond to yield a minimum nominal annual rate of (i) 12%, (ii) 10%, and (iii) 8%.

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