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Question 2 (16 points) A company has a bond issue outstanding with 20 years to maturity, paying a semiannual coupon of 7.15%. The bond has

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Question 2 (16 points) A company has a bond issue outstanding with 20 years to maturity, paying a semiannual coupon of 7.15%. The bond has a 6.75% yield to maturity. The bond can be called after 7 years for a call price of $1,143. What is the bond's yield to call if it is called at the end of the 10th year? (HINT: THIS IS A 2 PART PROBLEM. YOU NEED TO SOLVE FOR SOMETHING BEFORE FINDING YTC. What is it that you need to solve for first? (8 pts each portion)). 82 Paragraph V .. Ea

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