Asked by granann

Coles Inc's bonds currently sell for $1,180 and have a par value of $1,000. The pay a $65 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)?
Answered by granann
multiple choice answer
a. 4.79%
b. 3.69%
c. 4.65%
d. 5.08%
e. 4.36%
what is the correct answer
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