A $1,000 par value bond is callable in 4 years. The call premium is $40. The coupon rate on the bond is 7% with payment twice a year, and the yield-to-call is 4.7%. What is the current price?
A) $1,098.00
B) $1,116.20
C) $1,095.77
D) $1,119.02
E) $1,066.00
Correct Answer:
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