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A corporation has bonds that currently sell for $1,100 and have a par value of $1,000. They pay a $100 annual coupon and have a
A corporation has bonds that currently sell for $1,100 and have a par value of $1,000. They pay a $100 annual coupon and have a 20-year maturity, but they can be called in 5 years at $1,080. What is their yield to call (YTC)?
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