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A firm's bonds have a maturity of 1 0 years, with a $ 1 0 0 0 face value, a 9 % annual coupon, are
A firm's bonds have a maturity of years, with a $ face value, a annual coupon, are callable in years at $ and currently sell at a price of $
a What is the nominal yield to maturity YTM
b What is the nominal yield to call YTC
c Should investors expect to earn YTM or YTC
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