They currently sell for 1230 in the market what is the


Trickle corporations bonds have a 12% coupon rate, $1,000 par, and mature in 25 years. interest is paid semi annually. the bonds are callable at a price pf $1,100 five years from now. they currently sell for $1,230 in the market. what is the bonds' approximate yield to call? show all work.

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Financial Management: They currently sell for 1230 in the market what is the
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