You own a bond that pays semiannual interest payments of $38.The bond is callable in 2 years at a premium of $76.What is the callable bond price if the yield to call is 7.9 percent?
A) $995.46
B) $1,016.86
C) $1,059.64
D) $1,124.87
E) $1,220.87
Correct Answer:
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