The 7 percent, semiannual coupon bonds offered by House Renovators are callable in two years at $1,035. What is the amount of th e call premium if the bonds have a par value of $1,000?
1 answer:
Answer:
The call premium is $35
Step-by-step explanation:
Hi, the call premium is found as follows.
So, the call premium is $35.
Best of luck.
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