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Blanche Inc. has 9 % annual coupon bonds that are callable and have 1 8 years left until maturity. The bonds have a par value
Blanche Inc. has annual coupon bonds that are callable and have years left until maturity. The bonds have a par value of $ and their current market price is $ However, Blanche Inc. may call the bonds in eight years at a call price of $ What are the YTM and the yield to call YTC on Blanche Inc.s bonds?
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