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Lestion 11 (1.75 points) Welstar Inc.'s bonds currently sell for $1,100 and have a par value of $1,000. They pay a $100 annual coupon
Lestion 11 (1.75 points) Welstar Inc.'s bonds currently sell for $1,100 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year maturity, but they can be called in 10 years at $1,250. What is their yield to call (YTC)? 9.95% 11.27% 7.14% 4.76% 5.87% Page 11 of 14 DERO
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Accounting Information Systems
Authors: Marshall B. Romney, Paul J. Steinbart
13th edition
133428532, 978-0133428537
