Corso books has just sold a callable bond it is a, Ask an Expert

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Corso Books has just sold a callable bond. It is a? thirty-year quartly bond with an annual coupon rate of 8 ?% and ?$1000 par value. The? issuer, however, can call the bond starting at the end of 12 years. If the yield to call on this bond is 9% and the call requires Corso Books to pay one year of additional interest at the call ?(4 coupon? payments).

What is the bond price if priced with the assumption that the call will be on the first available call? date? ??(Round to the nearest? cent.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92763797

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