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A firm's bonds have a maturity of 10 years with a $1,000 face value, have an 8% annual coupon, are callable in 5 years at
A firm's bonds have a maturity of 10 years with a $1,000 face value, have an 8% annual coupon, are callable in 5 years at $1,050, and currently sell at a price of $1,100. What are their nominal yield to call (YTC)? A) 8% OB) 6.76% C) 6,59% OD) 6.68% E) 6.47% A bond has a $1,000 par value, 10 years to maturity, and a 7% annual coupon and sells for $985. Assume that the yield to maturity (YTM) remains constant for the next 3 years, what will the price be 3 years from today? OA) 980.56 OB) 1000 C) 988.46 D) 1001.98 E) 983.24
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