A bond sells for 1290 pays 60 annual interest and matures, Financial Management

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A bond sells for 1290 pays 60 annual interest and matures

A bond sells for $1290, pays $60 annual interest and matures in 20 years. It has a callable feature giving the right to the firm to buy it back from the investor after 8 years at 108 par value. Find the YTM and the YTC of the bond. Which of the 2 will the investor make? Why?

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