Question: Bond Q has par value $ 1 , 0 0 0 , coupon rate 6 . 5 % ( paid out semiannually ) , a

Bond Q has par value $1,000, coupon rate 6.5%(paid out semiannually), a matures 28 years from today. It is callable beginning 17 years from today. Call price is equal to par value, plus the annual coupon. Calculate the price of Bond Q if its yield to call is 7.5% BEY.
$904.875 is incorrect

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