Find the YTM and the YTC of the bond

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Reference no: EM131054757

A bond sells for $1290, pays $60 annual interest and matures in 20 years. It has a callable feature giving the right to the firm to buy it back from the investor after 8 years at 108 par value. Find the YTM and the YTC of the bond. Which of the 2 will the investor make? Why?

Reference no: EM131054757

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