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Swing Co . has 9 % annual coupon bonds that are callable and have 1 8 years left until maturity. The bonds have a par
Swing Co has annual coupon bonds that are callable and have years left until maturity. The bonds have a par value of $ and their current market price is $ However, Swing Co may call the bonds in eight years at a call price of $ What are the YTM and the yield to call YTC on Swing Cos bonds?
If interest rates are expected to remain constant, what is the best estimate of the remaining life left for Swing Cos bonds?
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