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Business, 04.08.2021 16:00 iselloutt4fun

A company issues a callable (at par) five-year, 7% coupon bond with annual coupon payments. The bond can be called at par in one year after release or any time after that on a coupon payment date. On release, it has a price of $110 per $100 of face value. What is the yield to maturity of this bond when it is released

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A company issues a callable (at par) five-year, 7% coupon bond with annual coupon payments. The bond...
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