Highfield incs bonds currently sell for 1400 and have a par


Highfield Inc's bonds currently sell for $1,400 and have a par value of $1,000. They pay a $140 annual coupon and have a 20-year maturity, but they can be called in 5 years at $1,540. What is their yield to call (YTC)?

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Financial Management: Highfield incs bonds currently sell for 1400 and have a par
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