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Apple has a bond that currently sells for $1,175. The bond pays a $90 annual coupon, has a 25-year maturity, and a $1,000 par value,
Apple has a bond that currently sells for $1,175. The bond pays a $90 annual coupon, has a 25-year maturity, and a $1,000 par value, but they can be called in 5 years at $1,050. What is the difference between this bonds YTM and its YTC
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