Problema firms bonds have a maturity of 28 years with a, Ask an Expert

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Problem:

A firm's bonds have a maturity of 28 years with a $1000 face value, a 10 percent semiannual coupon, are callable in 6 years at $1,100, and currently sell at a price of $1,173.

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Question: What is their yield to call (YTC)?

Note: Please provide reasons to support your answer.

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