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How long until these bonds may first be called

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Matteo Toys has bonds outstanding that have a 9 percent annual coupon and a face value of $1,000. The bonds will mature in 10 years, although they can be called before maturity at a call price of $1,050. The bonds have a yield to call of 6.5 percent and a yield to maturity of 7.4 percent. How long until these bonds may first be called?

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Reference no: EM132384037

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