Question: 7. A bond's expected return is sometimes estimated by its yield to maturity (YTM) and sometimes by its yield to call (YTC). Assuming a bond

7. A bond's expected return is sometimes estimated by its yield

7. A bond's expected return is sometimes estimated by its yield to maturity (YTM) and sometimes by its yield to call (YTC). Assuming a bond is callable, under what conditions would the YTC provide a better estimate. (2 points)

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