Question: Example 6 . 4 . 2 A $ 2 0 0 0 bond at j 2 = 1 3 % is redeemable at par in

Example 6.4.2
A $2000 bond at j2=13% is redeemable at par in 20 years. It is
callable at a 5% premium in 15 years. Determine the price to
guarantee a yield of j2=12%.
Example 6.4.2 A $2000 bond at j2=13% is redeemable at par

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