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| rev | Admin | (Created page with "A 20-year non-callable bond that pays coupons annually has a face amount of 2000. The bond was bought at a price of 2300 and has an annual effective yield rate of 7%. A 20-year callable bond with the same annual coupon rate and face amount is callable for 2000 at the end of the 18th or 19th year. Calculate the maximum price of the callable bond that guarantees an annual effective yield of at least 7%. <ul class="mw-excansopts"><li>2268</li><li>2276</li><li>2285</li><li...") | Nov 19'23 at 21:16 | +529 |