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A $1,000 par value bond paying a 7% semi-annual coupon with 19 years to maturity is priced at $1135.This bond is callable in 11 years
A $1,000 par value bond paying a 7% semi-annual coupon with 19 years to maturity is priced at $1135.This bond is callable in 11 years at a price of $1,070.
What is this bond's YTC?
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International financial management
Authors: Jeff Madura
12th edition
1133947832, 978-1305195011, 978-1133947837
