Determine what is their yield to maturity

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Reference no: EM132027551

Thatcher Corporation's bonds will mature in 7 years. The bonds have a face value of $1,000 and an 8.25% coupon rate, paid semiannually.

The price of the bonds is $1,153. The bonds are callable in 6 years at a call price of $1150. What is their yield to maturity?

Reference no: EM132027551

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