Meacham enterprises bonds currently sell for 950 and have a


Meacham Enterprises’ bonds currently sell for $950 and have a par value of $1,000. They pay a $90 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,025. What is their yield to call?

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Financial Management: Meacham enterprises bonds currently sell for 950 and have a
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