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Problem:

If a bond will mature in 6 years. The bonds have a face value of $1000 and a 9.00 % coupon rate, paid semiannually. The price of the bonds is $865.50. The bonds are callable in 4 years at a call price of $1,155.00.

What is the bond's yield to call? Please explain in detail and show your work.

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Basic Finance, Finance

Category:- Basic Finance
Reference No.:- M91145730

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