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Brooks Inc.s callable bonds are currently selling for $1,300. They pay a coupon rate of 10% annually, have 10 years to maturity, and a $1,000
Brooks Inc.s callable bonds are currently selling for $1,300. They pay a coupon rate of 10% annually, have 10 years to maturity, and a $1,000 par value. The earliest that the bonds can be called is 3 years from now for a call price of $1,200. What is the Yield to Call?
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