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We have a 12%, 15 year bond, which sells for $900. If the firm has the right to call it back after 6 years at
We have a 12%, 15 year bond, which sells for $900. If the firm has the right to call it back after 6 years at par plus half a year's coupon. Compute the YTM and the YTC. Which will the investor attain? Show Equations used and ALL work please
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