Lesson 7-R: Problem 25 Previous Problem List Next (1 point) Owen purchased a 12-year 6% semiannual coupons bond with face amount $100 that is callable on any coupon date in the 6 () In year 6, the bond is callable at redemption amount of $105. (1) In years 7 - 10 the bond is callable at redemption amount of $89 (ill) in years 11 - 12, the bond is callable at par. to 12 years. The maximum price Owen should pay in order to ensure a minimum nominal annual rate of 8% is Preview My Answers Submit Answers You have attempted this problem 0 times You have unlimited attempts remaining Email Instructor