# finance

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Coles Inc's bonds currently sell for \$1,180 and have a par value of \$1,000. The 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 (YTM)?

• finance -

a. 4.79%
b. 3.69%
c. 4.65%
d. 5.08%
e. 4.36%

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