Question: Problem 7 - 3 Call Premium ( LG 7 - 1 ) A 6 . 6 percent corporate coupon bond is callable in five years

Problem 7-3 Call Premium (LG7-1)
A 6.6 percent corporate coupon bond is callable in five years for a call premium of one year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond?
Problem 7 - 3 Call Premium ( LG 7 - 1 ) A 6 . 6

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