Lourdes Corporation's 11% coupon rate, semiannual payment, $1,000 par value bonds, which mature in 25 years, are callabl

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answerhappygod
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Lourdes Corporation's 11% coupon rate, semiannual payment, $1,000 par value bonds, which mature in 25 years, are callabl

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Lourdes Corporation's 11% coupon rate, semiannual payment,
$1,000 par value bonds, which mature in 25 years, are callable 6
years from today at $1,050. They sell at a price of $1,242.72, and
the yield curve is flat. Assume that interest rates are expected to
remain at their current level.
years
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