Question: It is now January 1 , 2 0 2 1 , and you are considering the purchase of an outstanding bond that was issued on

It is now January 1,2021, and you are considering the purchase of an outstanding bond that was issued on January 1,2019. It 9.5% annual coupon and had a 20-year original maturity. (It matures on December 31,2038.) There is 5 years of call protection December 31,2023

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