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Q5. MM Inc.&/s bonds currently sell for $975. They pay a $90 annual coupon, have a 25-year maturity, and a $1,000 par value, but they

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Q5. MM Inc.&/s bonds currently sell for $975. They pay a $90 annual coupon, have a 25-year maturity, and a $1,000 par value, but they can be called in 5 years at $1,075. Assume that no costs other than the call premium would be incurred to call and refund the bonds. a. What is the YTM b. What is the YTC

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