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Yes They Can, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 22 years. The annual coupon rate is
Yes They Can, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 22 years. The annual coupon rate is 20.0% with quarterly coupon payments. The bonds are currently selling for $1,147. The bonds may be called in 6 years for 120.0% of par. What is the quoted annual yield-to-call for these bonds?
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