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What is the yield to maturity of a corporate bond with the following characteristics: face value = $10000, coupon rate = 7%, years to maturity
What is the yield to maturity of a corporate bond with the following characteristics: face value = $10000, coupon rate = 7%, years to maturity = 15, price = $8711? What is its yield to call if the bond is callable in 6 years at a call price of $10150? Is this a premium or discount bond? This bond pays monthly coupons at the end of each period. Use a financial calculator.
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