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9. Problem 7.04 (Vield to Maturity) eBook Problem Walk Through A firm's bonds have a maturity of 10 years with a $1,000 face value, have

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9. Problem 7.04 (Vield to Maturity) eBook Problem Walk Through A firm's bonds have a maturity of 10 years with a $1,000 face value, have an 8% semiannual coupon, are callable in years at $1,054.38, and currently sell at a price of $1,105.63. What are thermal yield to maturity and thee nominal yield to call? Do not round intermediate calculations, Round your answers to two decimal places YTM VTC: What return should investors expect to earn on these bonds? 1. Investors would not expect the bonds to be called and to earn the YTH because the YTM is less than the YTC. II. Investors would expect the bonds to be called and to eam the YTC because the YTC is less than the VTM III. Investors would expect the bonds to be called and to eam the YTC because the YTC is greater than the YTM, IV. Investors would not expect the bonds to be called and to earn the YTH because the YTM is greater than the YTC [1 V

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