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Yields Drive inc. bonds currently sell for $ 1 , 0 7 5 and have par value of $ 1 , 0 0 0 .

Yields
Drive inc. bonds currently sell for $1,075 and have par value of $1,000. They pay a $120 annual coupon and have an 11-year maturity, but they can be called in 5 years at $1,020.
a. What is their YTC?
b. What is their YTM?
C. Which return is the bondholder more likely to receive? Why?
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