(Answered) A 10-year bond has a par value of 1000 and a coupon rate of

Finance

A 10-year bond has a par value of $1000, and a coupon rate of 5%.

The current required rate of return is 5%. What is the price of the bond?

The bond has a call feature that allows the issuer to call the bond after 6 years for a price of $1200. Calculate the yield to call.

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