Question: You bought a 2 1 . 0 - year, 7 . 4 3 % semi - annual coupon bond today and the current market rate

You bought a 21.0-year, 7.43% semi-annual coupon bond today and the current market rate of return is 6.66%. The bond is callable in 6.0 years with a $61.00 call premium. What price did you pay for your bond?

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