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Business, 04.04.2020 09:09 mia13290

Sell at a premium ($1,150). They have a 6.35 percent annual coupon rate and 20 years until maturity, but they can be called in five years at a price of $1,067.5. Assume that the yield curve is flat. What rate of return should an investor expect to earn if he or she purchases Wanberg's bonds?

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Sell at a premium ($1,150). They have a 6.35 percent annual coupon rate and 20 years until maturity,...
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