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Sommers Co.'s bonds currently sell for $1,080 and have a par value of $1,000.

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Sommers Co.'s bonds currently sell for $1,080 and have a par value of $1,000. They pay a $100 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,125. What is their yield to maturity (YTM)?

 

Paper#24896 | Written in 18-Jul-2015

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