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4. A companys bonds have 20 years to maturity, an 8% coupon paid annually and a $1,000 par value. The bonds currently sell for $1,150,
4. A companys bonds have 20 years to maturity, an 8% coupon paid annually and a $1,000 par value. The bonds currently sell for $1,150, but can be called in 5 years at a price of $1,100. What is the nominal yield to call (YTC) on these bonds (to one decimal place, e.g., 5.1%)?
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