The Henderson Companys bonds currently sell for $1,275. They pay a $120 annual coupon and have a 20-year maturity, but they can be called in 5 years at $1,120. What are their YTM and their YTC and which is more relevant in the sense that investors should be expect to earn it?

Activity 8 The Henderson Company's bonds currently sell for $1,275. They pay a $120 annual coupond have a 20-year maturity but they can be called in 5 years at $1,120. What are their YTM and the YTC and which is "more elevant" in the sense that investors should be expect to earn it? FV = 1000 Ym PV = -1275 Nz 20 PMT= 20