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DDD Incorporated bonds currently sell for $1040 and have a par value of $1000. They pay a $65.00 annual coupon and have a 15 year
DDD Incorporated bonds currently sell for $1040 and have a par value of $1000. They pay a $65.00 annual coupon and have a 15 year maturity. They can be called in 5 years at 1100. What is their yield to maturity?
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