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What is the quoted annual yield-to-maturity for the bonds

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Yes They May, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 25 years. The bonds have an annual coupon rate of 16.0% with semi-annual coupon payments. The current market price for the bonds is $1,091. The bonds may be called in 5 years for 116.0% of par. What is the quoted annual yield-to-maturity for the bonds

Reference no: EM132345668

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