A firms bonds have a maturity of 21 years with a 1000 face


A firm's bonds have a maturity of 21 years with a $1,000 face value, a 7 percent semiannual coupon, are callable in 4 years at $1,060, and currently sell at a price of $1,125. What is their yield to call (YTC)?

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Finance Basics: A firms bonds have a maturity of 21 years with a 1000 face
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