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Business, 25.04.2020 01:16 flowergirly34

Galt Industries has just issued a callable, $1000 par value, five-year, 6% coupon bond with semiannual coupon payments. The bond can be called at par in three years or anytime thereafter on a coupon payment date.
If the bond is currently trading for $978.94, then its yield to maturity is closest to:

a) 3.4%. b) 6.0%. c) 6.5%. d) 6.8%.

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