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Last year This Is Easy, Inc. issued a 13-year, 11% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called
Last year This Is Easy, Inc. issued a 13-year, 11% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called in 5 years at a price of $1,075 and it sells for $1,300. What are the bonds nominal yield to maturity and its nominal yield to call? Would an investor be more likely to earn the YTM or the YTC
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