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Company Zs bonds currently sell for 1205$ and have a par value of 1,000$. They pay a 110$ annual coupon and have a 15-year maturity,
Company Zs bonds currently sell for 1205$ and have a par value of 1,000$. They pay a 110$ annual coupon and have a 15-year maturity, but they can be called in 5 years at 1,150$. What is their yield to call? A.) 8.36% B.) 7.16% C.) 7.98% D.) 5.54% E.) 6.76%
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