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QUESTION 19 Tire Inc.'s bonds currently sell for $1,150 and have a par value of $1,000. They pay a $100 annual coupon and have a

QUESTION 19 Tire Inc.'s bonds currently sell for $1,150 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,120. What is their yield to call (YTC)? a. 8.25% b. 7.35% c. 6.74% d. 6.12%

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