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A company has bonds currently sell for $2,975. They pay a 12% coupon semi-annually coupon and have a 32-year maturity, but they can be called

A company has bonds currently sell for $2,975. They pay a 12% coupon semi-annually coupon and have a 32-year maturity, but they can be called in 11 years at $1,780. What are their YTM and their YTC? Are investors more likely to earn YTM or YTC in the problem above?

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