The henderson company's bonds currently sells for $1375. They pay a $120 annual coupon and have a 25-year maturity, but they can be called in 5 years at $1200. What is there YTM and their YTC, and which is  "more relevant" in the sense that investors should expect to earn it?

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter6: Fixed-income Securities: Characteristics And Valuation
Section: Chapter Questions
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The henderson company's bonds currently sells for $1375. They pay a $120 annual coupon and have a 25-year maturity, but they can be called in 5 years at $1200. What is there YTM and their YTC, and which is  "more relevant" in the sense that investors should expect to earn it?

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