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2. JKL Co. issues zero coupon bonds on the market at a price of $375 per bond. Each bond has a face value of $1,000
2. JKL Co. issues zero coupon bonds on the market at a price of $375 per bond. Each bond has a face value of $1,000 payable at maturity in 20 years. What is the yield to maturity for these bonds (in percent)? Answer to two decimals.
3. MNO Co. issues zero coupon bonds on the market at a price of $340 per bond. Each bond has a face value of $1,000 payable at maturity in 20 years. The bonds are callable in 10 years at $647 . What is the yield to call for these bonds (in percent)? Answer to two decimals.
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