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A firm’s bonds have a maturity of 13 years with a $1,000 face value, a 9...

A firm’s bonds have a maturity of 13 years with a $1,000 face value, a 9 percent semiannual coupon, are callable in 7 years at $1,055, and currently sell at a price of $1,114. What is their yield to maturity (YTM)?

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Answer: 7.60%

jeff jeffy answered 2 years ago
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