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QUESTION 1 A 25-year 12% semi-annual coupon bond with a R 1000 par value is selling for R1520. The bond has a yield to maturity

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QUESTION 1 A 25-year 12\% semi-annual coupon bond with a R 1000 par value is selling for R1520. The bond has a yield to maturity of 18% and it can be called after five years at R 1215 . a) Determine the Yield to Call b) Explain the difference between the yield to maturity and the yield to call

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