Question: A company issues a 3 0 - year $ 5 0 0 0 bond, redeemable at 1 0 2 with bond interest at j 2

A company issues a 30-year $5000 bond, redeemable at 102 with bond interest at
j2=6%. The bond is callable at the end of 20 years for $3915, at the end of 25 years for $5400 or at the end of 15 years for $6450. Determine the price to guarantee the investor a yield of j2=9%.

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