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A $1,000 par value bond sells for $1,150. It matures in 12 years, has a 9 percent coupon, pays interest semiannually, and can be called
A $1,000 par value bond sells for $1,150. It matures in 12 years, has a 9 percent coupon, pays interest semiannually, and can be called in 5 years at a price of $1,080 (Call premium price). What are the bond's YTM <2 point> and YTC<2 point> respectivly?
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