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Meacham Enterprises' bonds currently sell for $880 and have a par value of $1,000. They pay a $135 annual coupon and have a 15-year maturity,
Meacham Enterprises' bonds currently sell for $880 and have a par value of $1,000. They pay a $135 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,050. What is their yield to call (YTC)? Select the correct answer. a. 17.80% b. 18.28% c. 17.32% d. 17.56% e. 18.04%
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Financial Management For Decision Makers
Authors: Peter Atrill
8th Edition
129213433X, 978-1292134338
