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You bought a $1,000 par GM callable bond in January 2020 that is callable in 2025...

  1. You bought a $1,000 par GM callable bond in January 2020 that is callable in 2025 at par. It has a coupon rate of 3.2%/year. When is GM likely to call the bond?
  2. You bought a $1,000 par Southern Company bond on April 1. The bond pays a coupon rate of 4%/year semiannually on December 1 and June 1. How much accrued interest did you pay?
  3. You bought a $1,000 par Tupper NY 10-year bond with equal annual amortization.
    1. How much principal will you receive each year?
    2. If the coupon rate is 3.6%/year, how much interest will you receive in year 1 and year 2?
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