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Thatcher Corporations bonds will mature in 20 years. The bonds have a face value of $1,000 and an 11% coupon rate, paid semiannually. The price

  1. Thatcher Corporations bonds will mature in 20 years. The bonds have a face value of $1,000 and an 11% coupon rate, paid semiannually. The price of the bonds is $1,575. The bonds are callable in 9 years at a call price of $1,265. What is their yield to maturity? What is their yield to call?

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