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Business, 25.11.2020 14:00 Idontreallycare16

Tropical Resort, Inc.'s bonds currently sell for $1,350 and have a par value of $1,000. They pay an 11% coupon rate with interest paid semi–annually, and have a 15-year maturity, but they can be called in 7 years at $1,125. What is their yield to call (YTC)?

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Tropical Resort, Inc.'s bonds currently sell for $1,350 and have a par value of $1,000. They pay an...
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