The market yield of a 12-year 8 percent semi-annual-pay bond is 6.6 percent.The bond is callable in four years and its yield to call is 6.48 percent.What is the call price of the bond?
A) $1,125.46
B) $1,114.81
C) $1,085.94
D) $1,080.01
Correct Answer:
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