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ABC Inc. has just issued a bond with 9% semi-annual coupon rate and 11.5% yield to maturity and will mature at 11 years. The bonds
ABC Inc. has just issued a bond with 9% semi-annual coupon rate and 11.5% yield to maturity and will mature at 11 years. The bonds are currently selling for $846.15. The bonds may be called in 3 years at $1045. What is the quoted annual yield-to-call for these bonds? |
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