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What is their yield to maturity
Course:- Financial Management
Reference No.:- EM13942940

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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%

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