Question: Question 47 1 pts Use the bond term's below to answer the question Maturity 9 years Coupon Rate 3% Face value $1,000 Annual Coupons The

 Question 47 1 pts Use the bond term's below to answer

Question 47 1 pts Use the bond term's below to answer the question Maturity 9 years Coupon Rate 3% Face value $1,000 Annual Coupons The bond is callable in year 5 The call price is $1,040 The interest rate in year 5 is 1% If the firm calls back the bond, how much does the firm save or lose? $38.04 $36.23 $41.66 O $39.94 $34.50

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