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Using annual compounding, find the yield to maturity for each of the following bonds. a. A(n) 9.5% 20-year bond priced at $957.43 b A 16%

Using annual compounding, find the yield to maturity for each of the following bonds. a. A(n) 9.5% 20-year bond priced at $957.43

b A 16% 15-year bond priced at $1,684.76

c. A 5.5% 18-year bond priced at $510.65.

After solving the above, now assume that each of the above three bonds is callable as follows: Bond a is callable in 7 years at a call price of $1,095; bond b is callable in 5 years at $1,250; and bond c is callable in 3 years at $1,050. Use annual compounding to find the yield-to-call for each bond.

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