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LLP company's bonds have a 6% annual coupon and a 10 -year remaining maturity. The par value is $1,000. You purchase LLP bonds for $965.
LLP company's bonds have a 6% annual coupon and a 10 -year remaining maturity. The par value is $1,000. You purchase LLP bonds for $965. a) Find the YTM. (3 pts) b) If you sell it at a 7% YTM a year later, find your HPR (holding period return). ( 3 pts) c) If the bonds are called at a $1,030 call price in 4 years, find the YTC. ( 3 pts)
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