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Consider the case of Badger Corp.: Badger Corp. has 9% annual coupon bonds that are cailable and have 18 years left until maturity, The bonds

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Consider the case of Badger Corp.: Badger Corp. has 9% annual coupon bonds that are cailable and have 18 years left until maturity, The bonds have a par value of $1, 000, and their current market price is $1,010.35. However, Badger Corp. may call the bonds in eight years at a call price of $1,060. What are the YTM and the yield to call (YTC) on Badger Corpi's bonds? If interest rates are expected to remain constant, what is the best estimate of the remaining life left for Bsdger Corp.'s bonds? 5 years 18 years 10 years 8 years If Badger Corp. issued new bonds today, what coupon rate must the bonds have to be issued at par

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