What is its YTC?

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter6: Bonds (debt) - Characteristics And Valuation
Section: Chapter Questions
Problem 14PROB
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The term describesthe 13.7% return would be earned by bond holder who owns a bond purchased yesterday for $875, that pays interest payments of $40 every six months, has a call price of $1,080 and could be called four years from today. What is its YTC?
 
 
 
 
 
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