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Two parts You have just purchased a bond with the following characteristics: 1,000 face...

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Finance

Two parts
You have just purchased a bond with the following characteristics: 1,000 face value, 6% annual coupon, 7% market rate, 6 years to maturity. What is the price?
Using the information from the prior question, what is the yield to call if the bond is callable in 3 years?

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