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GM corporate Bond is currently priced at $1,200, the maturity is 20 years, and it...

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Accounting

GM corporate Bond is currently priced at $1,200, the maturity is 20 years, and it pays a 14% coupon. The bond can be called in 5 years (it has 5 years of call protection). What is YIELD TO CALL (YTC) if GM decides to call the bond after 5 years at a premium of $1,100?
A)10.35%
B)10.18%
C)11.17%
D)11.55%

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