Ytm co-op incrsquos bonds currently sell for 1040 and have


(YTM) Co-Op Inc.’s bonds currently sell for $1,040 and have a par value of $1,000. They pay a $65 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to maturity?

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Financial Management: Ytm co-op incrsquos bonds currently sell for 1040 and have
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