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YIELD TO MATURITY A firm's bonds have a maturity of 10 years with a $1,000 face value, have an 11% semiannual coupon, are callable in

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YIELD TO MATURITY A firm's bonds have a maturity of 10 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 5 vears at $1,175, and currently sell at a price of $1,311.48. a. What is their nominal yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places. b. What is their nominal yield to call? Do not round intermediate calculations. Round your answer to two decimal places. c. What return should investors expect to earn on these bonds? I. Investors would not expect the bonds to be called and to earn the YTM because II. Investors would not expect the bonds to be called and to earn the YTM because III. Investors would expect the bonds to be called and to earn the YTC because the IV. Investors would expect the bonds to be called and to earn the YTC because the V. Investors would expect the bonds to be called and to earn the YTC because the the YTM is greater than the YTC. the YTM is less than the YTC YTC is less than the YTM. YTM is less than the YTC. YTC is greater than the YTM

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