Yield to call can be calculated using formula
YTC = (C + (CP - P) / t) / ((CP + P) / 2)
C = coupon = $105
CP = Call price = $1100
P = Current price = $1215
t = time till call date = 5 years
So, YTC = (105 + (1100-1215)/5)/((1100+1215)/2) = 7.08%
Question 9 5 pts Micron Technology's bonds currently sell for $1,215 and have a par value...
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