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11. 14-year, 7.75% semi-annual coupon bond, with a par value of $1,000, may be called in 4 years at a call price of $1,040. The
11. 14-year, 7.75% semi-annual coupon bond, with a par value of $1,000, may be called in 4 years at a call price of $1,040. The bond currently sells for $1,043.75. a. What is the bond's yield to maturity? b. What is the bond's current yield? c. What is the bond's yield to call? d. Explain what each of the yields calculated above in parts a through c. represents
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