The bonds have a yield to call of 65 and a yield to


Matteo Toys has 9% annual coupon, $1,000 face value bonds outstanding that mature in 10 years. However, the bonds can be called before maturity at a call price of $1,050. The bonds have a yield to call of 6.5% and a yield to maturity of 7.4%. How long until these bonds may first be called?

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Finance Basics: The bonds have a yield to call of 65 and a yield to
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