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Include explanation please. A companys 14% coupon rate, SEMIANNUAL PAYMENT, $1,000 par value bonds, which mature in 30 years, are callable 5 years from today

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  1. A companys 14% coupon rate, SEMIANNUAL PAYMENT, $1,000 par value bonds, which mature in 30 years, are callable 5 years from today at $1,050. They sell at a price of $1,353.54. Assume interest rates are expected to remain at their current level. What is the best estimate of these bonds remaining life? (What is the YTM and YTC then answer.) Explain your answer.

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