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Sadik Inc.'s bonds currently sell for $1,290 and have a par value of $1,000. They pay a $100 annual coupon and have a 25-year maturity,
Sadik Inc.'s bonds currently sell for $1,290 and have a par value of $1,000. They pay a $100 annual coupon and have a 25-year maturity, but they can be called in 7 years at $1,140. What is their yield to call (YTC)? a. 6.38% b. 7.42% C. 6.94% d. 7.75% e. 7.58%
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