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Livorno Corporation has a series of bonds that matures in 14 years. The bonds have an 8 percent semiannual coupon and a par value of
Livorno Corporation has a series of bonds that matures in 14 years. The bonds have an 8 percent semiannual coupon and a par value of $1,000. The bonds are callable in five years at a call price of $1,050. The price of the bonds today is $1,075. What is the bonds yield to maturity and yield to call?
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