(Answered) Mccarty manufacturing company makes baseball equipment the

Finance

McCarty Manufacturing Company makes baseball equipment. The company decides to issue a callable bond that it expects to sell for $840 per bond. If the bond is a twenty-year semiannual bond with a 6% coupon rate and a current yield to maturity of 7%, what is the cost of the option attached to the bond? (Assume $1000 par value).

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