2. Matteo Toys has 8.5% annual coupon, $1,000 face value bonds outstanding that mature in...
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2. Matteo Toys has 8.5% annual coupon, $1,000 face value bonds outstanding that mature in 10 years. However, the bonds can be called before maturity at a call price of $1,042.5. The bonds have a yield to call of 7.5% and a yield to maturity of 7.85%. How long until these bonds may first be called? (5 points)
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