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AT&T has a bond outstanding with a BBB rating, 5.3% coupon, $1000 par value and matures in 2058. The bond is callable in 2037 at
AT&T has a bond outstanding with a BBB rating, 5.3% coupon, $1000 par value and matures in 2058. The bond is callable in 2037 at par value. The bond currently sells for $918.76. What is the yield to maturity and the yield to call? Do you think the bond could be called? Explain.
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