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An eight year, 11% coupon bond with a face value of $ 1,000 is currently yielding 10.2%. Assuming annual coupon payments, what is the price
- An eight year, 11% coupon bond with a face value of $ 1,000 is currently yielding 10.2%. Assuming annual coupon payments, what is the price of the bond? If the bond is callable at $ 1,050 after 5 years, what is the YTC on the bond? Is it always the case that the YTC is greater than the YTM? Explain
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