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Thayer Corporation's bonds will mature in 10 years. The bonds have a 9% coupon rate with interest paid annually. The price of the bonds is
Thayer Corporation's bonds will mature in 10 years. The bonds have a 9% coupon rate with interest paid annually. The price of the bonds is $1,100. The bonds are callable in 4 years at a call price of $1,045. What is the bonds' YTM? What is the bonds' yield to call (YTC)?
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