Question: I need help with (a)(i). Please show all steps. The correct answer is 84.95 21 A 10% bond with face amount 100 is callable on

I need help with (a)(i). Please show all steps. The correct answer is 84.95

21 A 10% bond with face amount 100 is callable on any coupon date from 15%2 years after issue up to the maturity date which is 20 years from issue. (a) Find the price of the bond to yield a minimum nominal annual o rate of (i) 12%, (ii) 10%, and (iii) 8%

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