Question: Duller Image has issued a noncallable bond that matures in 15 years. The bond has a par value of $1,000 and sells for $1,075. The

Duller Image has issued a noncallable bond that matures in 15 years. The bond has a par value of $1,000 and sells for $1,075. The bond has a 7 percent annual coupon rate. The coupon payments are made annually. What is the bond's yield to maturity? 25. As in question 25, Duller Image has issued a bond that matures in 15 years. The bond has a par value of $1,000 and sells for $1,075. The bond has a 7 percent annual coupon rate. The coupon payments are made annually. However, this time assume that the bond is callable in 5 years at a price of $1,100. What is the bond's yield to call? 26

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