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Using annual compounding, find the yield-to-maturity for each of the following bonds. a. A(n) 10.5%, 24-year bond priced at $817.93. b. A(n) 16%, 13-year bond
Using annual compounding, find the yield-to-maturity for each of the following bonds. a. A(n) 10.5%, 24-year bond priced at $817.93. b. A(n) 16%, 13-year bond priced at $1,426.20. c. A(n) 8%, 19-year bond priced at $705.37. 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 $1,090; bond b is callable in 5 years at $1,300; and bond c is callable in 4 years at $1,040. Use annual compounding to find the yield-to-call for each bond. ..... The yield-to-maturity for bond a is%. (Round to two decimal places.)
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