Two bonds have identical times to maturity and coupon rates, Financial Management

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Two bonds have identical times to maturity and coupon rates

Two bonds have identical times to maturity and coupon rates. One is callable at 105, the other at 110. Which should have the higher yield to maturity?

The bond callable at 110, should have the higher yield to maturity.

The bond callable at 105, should have the higher yield to maturity.

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Financial Management: Two bonds have identical times to maturity and coupon rates

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Financial Management: Two bonds have identical times to maturity and coupon rates

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