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QUESTION
Question 1 ABC Corp.'s bonds currently sell for $1,180 and have a par value of $1,000. They pay a $50 annual coupon and have a 15-year maturity, but...
Question 1
ABC Corp.'s bonds currently sell for $1,180 and have a par value of $1,000. They pay a $50 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 (YTM)?
1.26%
3.44%
3.67%
4.56%
5.00%
