Multiple Choice
The bonds offered by Leo's Pumps are callable in 3 years at a quoted price of 101. What is the amount of the call premium on a $1,000 par value bond?
A) $3.33
B) $5.00
C) $10.00
D) $13.33
E) $100.00
Correct Answer:
Verified
Correct Answer:
Verified
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