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Quigley Inc.'s bonds currently sell for $1,080 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,125. What is their yield to maturity (YTM)?

a. 8.56%

b. 9.01%

c. 9.46%

d. 9.93%

e. 10.43%

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91374318

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