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  3. 4. ted owns a bond which is callable in 25 years.

4. Ted owns a bond which is callable in 25 years. The bond has a...

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4. Ted owns a bond which is callable in 25 years. The bond has a 6 percent coupon, pays interest semiannually, has a par value of $1,000, and has a yield to call of 6.3 percent. What is the call premium if the bond currently sells for $1,035.982 |

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