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KBB Motors has bonds outstanding which will mature in 1 2 years. The bonds pay a 1 2 percent semiannual coupon and have a face
KBB Motors has bonds outstanding which will mature in years. The bonds pay a percent semiannual coupon and have a face value of $ie the bonds pay a $ coupon every six months The bonds currently have a yield to maturity of percent. The bonds are callable in years and have a call price of $ What are the bonds' yield to call?
Hint: Calculate the price of the bond and then use it to calculate YTC
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