Question: Fincorp issues two bonds with 1 5 - year maturities. Both bonds are callable at $ 1 , 0 8 0 . The first bond

Fincorp issues two bonds with 15-year maturities. Both bonds are callable at $1,080. The first bond is issued at a deep discount with a coupon rate of 7% and a price of $520 to yield 15.6%. The second bond is issued at par value with a coupon rate of 16.50%

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