Chapter 19 - Corporate Bonds
291

At the bottom of the page the paragraph should read:

The Discovery Cafe reduces the present value of its bond payments by $1,510,277.51 if it calls the 7% 2040 bond and replaced it with the 5% 2040 bond.

294

In the middle of the page the Yield-to-Call = 7.68% rather than 8.68%.