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2. Company A issued a straight bond, with a 5% semi-annual coupon, with maturity 10 years and with a yield to maturity of 7.35%. The

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2. Company A issued a straight bond, with a 5% semi-annual coupon, with maturity 10 years and with a yield to maturity of 7.35%. The company also has a callable bond with the same maturity and coupon rate. Is the yield to maturity going to be the same, higher or lower than the yield to maturity of the straight bond? Why? [4 Points

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