The bond can be called in 5 years it has 5 years of call


GM corporate Bond is currently priced at $1,200, the maturity is 20 years, and it pays a 14% coupon. The bond can be called in 5 years (it has 5 years of call protection). What is YIELD TO CALL (YTC) if GM decides to call the bond after 5 years at a premium of $1,100?

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Business Management: The bond can be called in 5 years it has 5 years of call
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