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A $1,000, 8%, Semi-Annual Callable Bond Matures December 2022. The Call Option states the bond...

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Accounting

A $1,000, 8%, Semi-Annual Callable Bond Matures December 2022. The Call Option states the bond can be called at 102 of December 2016. Calculate the Value of the bond, December 2010 when the market rate is 7% if: The bond is held to maturity and redeemed at par The bond is called at 102 December 2016

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