Thatcher corporations bonds will mature in 5 years the


Thatcher Corporation's bonds will mature in 5 years. The bonds have a face value of $1,000 and an 9% coupon rate, paid semiannually. The price of the bonds is $1,050. The bonds are callable in 3 years at a call price of $1,150. What is their yield to call?

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Business Economics: Thatcher corporations bonds will mature in 5 years the
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