Last year ta co issued a 10-year 12 semiannual coupon bond, Financial Management

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Last year ta co issued a 10-year 12 semiannual coupon bond

Last year TA Co. issued a 10-year, 12% semiannual coupon bond at its par value of $1,000. Currently the bond can be called in 4 years at a price of $1,060 and it sells for $1,100. What are the bond’s nominal yield to maturity and its nominal yield to call? Would an investor be more likely to earn the YTM or the YTC? You must explain your answer and show your calculator inputs (Ex: N=?, I=?, PV=?,PMT=?,FV=?) to receive full credit.

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Financial Management: Last year ta co issued a 10-year 12 semiannual coupon bond

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Financial Management: Last year ta co issued a 10-year 12 semiannual coupon bond

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