Question: You bought a 1 2 . 0 - year, 7 . 8 7 % semi - annual coupon bond today and the current market rate

You bought a 12.0-year, 7.87% semi-annual coupon bond today and the current market rate of return is 6.43%. The bond is callable in 3.0 years with a $79.00 call premium. What price did you pay for your bond?

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