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Clark is considering a Bond that has an 8% semiannual coupon and a $1000 face value (i.e, it pays $40 coupon every 6 months). the Bond is schedule...

Mr. Clark is considering a Bond that has an 8% semiannual coupon and a $1000 face value (i.e, it pays $40 coupon every 6 months). the Bond is schedule to mature in 9 years and has a price of $1,150. it is also callable in 5 years at a call price of $1040.

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