Question: 1) What's the difference between a call for sinking fund purposes and a refunding call'? 2)A bonds expected return is sometimes estimated by its YTM

1) What's the difference between a call for sinking fund purposes and a refunding call'?

2)A bonds expected return is sometimes estimated by its YTM and sometimes by its YTC. Under what conditions would the YTM provide a better estimate, and when would the YTC be better?

Explain in your own words in short sentence

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