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GPS Inc.'s bonds currently sell for $1,200 and have a par value of $1,000. They pay a $110 annual coupon and have a 15-year maturity,
GPS Inc.'s bonds currently sell for $1,200 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 8 years at $1,100. What is their yield to call (YTC) how would you insert these numbers to excell?
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