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Five years ago your firm issued a $1,000 par, 20-year bonds with a 6% coupon rate and an 8% call premium. The price of these

Five years ago your firm issued a $1,000 par, 20-year bonds with a 6% coupon rate and an 8% call premium. The price of these bonds now is $1103.80. Assume annual compounding.

1) Calculate the yield to maturity of these bonds today.

2) If these bonds are now called, what is the actual yield to call for the investors who originally purchased them?

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