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5. Meacham Enterprises' bonds currently sell for $1,280 and have a par value of $1,000....

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Accounting

5. Meacham Enterprises' bonds currently sell for $1,280 and have a par value of $1,000. They pay a $135 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,050. What is their yield to call (YTC)?

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