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Management · Q373

International Finance and Treasury

Graduate and Post Graduate · Management · question 373

Q373

Call premium of bond is 630 and call price of bond is 240 then face value of bond is

A.
2.63%
B.
$870
C.
$390
Answer
D.
$2.63

Answer: Option C

Solution

Answer: Option C
Solution:
Face value of bond = Call premium of bond - Call price of bond
= 240 = $390.
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