Sadik Inc.'s bonds currently sell for $1,300 and have a par value of $1,000. They...
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Finance
Sadik Inc.'s bonds currently sell for $1,300 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to call (YTC)?
Please explain in detail and name acronyms if equation is used.
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