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Five years ago, Global Express Company (NYSE: GXP) issued a 15-year callable bond with a $1,000 maturity value and a 6 percent coupon rate of

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Five years ago, Global Express Company (NYSE: GXP) issued a 15-year callable bond with a $1,000 maturity value and a 6 percent coupon rate of interest. Interest is paid semiannually. The bond is currently selling for $955. 7. What is the bond's yield to maturity (YTM)? 8. If the bond can be called in four years for a redemption price of $1,060, what is the bond's yield to call (YTC)

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