Micron Technology's bonds currently sell for $1,285 and have a par value of $1,000 They pay a

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Micron Technology's bonds currently sell for $1,285 and have a par value of $1,000 They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to call (YTC)?

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Fundamental Managerial Accounting Concepts

ISBN: 978-0078025655

7th edition

Authors: Thomas Edmonds, Christopher Edmonds, Bor-Yi Tsay, Philip Old

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Posted Date: Oct 31, 2022 08:19 AM

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Micron Technology's bonds currently sell for $1,285 and have a par value of $1,000 They pay a

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Fundamental Managerial Accounting Concepts

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