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Bauer Inc's bonds currently sell for $1,275. They pay a $120 annual coupon and have a 20-year maturity and a par value of $1,000 ,
| Bauer Inc's bonds currently sell for $1,275. They pay a $120 annual coupon and have a 20-year maturity and a par value of $1,000 , but they can be called in 5 years at $1,120. What is their yield to maturity (YTM)? | |||||||||||||||||
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Introduction To Institutions Management And Investments
Authors: Herbert Mayo
10th International Edition
1111820643, 9781111820640
