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A bond with a face value of $1,000 matures in 18 years and is callable in 8 at $1,040. Currently it is trading in the
A bond with a face value of $1,000 matures in 18 years and is callable in 8 at $1,040. Currently it is trading in the market at $1,010. The coupon rate is 6%, paid semi-annually. To find the yield-to-call (YTC), what value would you use for FV? Show work
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