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Business, 04.04.2020 04:35 sofo24

A $10,000, 10% callable corporate bond matures in December of 2030. It is first callable in December of 2020 at a price of 105% of par. You bought the bond on its coupon date in December of 2017, when it was trading to yield 12%. Please, find the bond's purchase price. State your answer in dollars and cents. Do NOT enter the dollar sign ($).

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A $10,000, 10% callable corporate bond matures in December of 2030. It is first callable in December...

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