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Question 15 (3 points) A Company has a 9% annual coupon, $1,000 face value bonds outstanding that mature in 10 years. However, the bonds can

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Question 15 (3 points) A Company has a 9% annual coupon, $1,000 face value bonds outstanding that mature in 10 years. However, the bonds can be called before maturity at a call price of $1,050. The bonds have a yield to call of 6.5% and a yield to maturity of 7.4%. How long until these bonds may first be called? a) 3.16 years b) 5.37 years c) 3.68 years d) 2.21 years

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