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Regal Health Plans issued a 12 percent annual coupon bond a few years ago. The bond now has 10 years remaining to maturity and sells
Regal Health Plans issued a 12 percent annual coupon bond a few years ago. The bond now has 10 years remaining to maturity and sells for $1,100. The bond has a cell provision that allows Regal to call the bond in four years at the call price of $1,060. a. What is the bond's yield to maturity? b. What is the bond's yield to call?
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