What is their yield to maturity

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Reference no: EM131027133

(YTM) Co-Op Inc.’s bonds currently sell for $1,040 and have a par value of $1,000. They pay a $65 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to maturity?

Reference no: EM131027133

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