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McCue Incis bonds currently sell for $1,100. They pay a $90 annual coupon, have a 25-year maturity, and al $1,000 par value, but they can
McCue Incis bonds currently sell for $1,100. They pay a $90 annual coupon, have a 25-year maturity, and al $1,000 par value, but they can be called in 5 years at $1,050. Assume that interest rates expected te remain at curent levels on into the future. What is the difference between these bonds' YTMs and YIC 0.99% 1.11% 0.66% 0.77% 0.88%
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