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Assume that an investor is looking at two bonds: Bond A is a 20 year, , 9.5%(semiannual pay) bond that priced to yield 11%. Bond
Assume that an investor is looking at two bonds: Bond A is a 20 year, , 9.5%(semiannual pay) bond that priced to yield 11%. Bond B is a 20 year, 8.5(annual pay) bond that is priced to yield 9%.Both bonds carry 4 year call deferments and call prices (in 4 years) of $1060
The YTC of bond A is ? The YTC of bond B is ?
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