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1) Aspens company’s non-callable bonds currently sell for $980. They have a 15 year maturity, an...

1)
Aspens company’s non-callable bonds currently sell for $980. They have a 15 year maturity, an annual coupon of $70, and a par value of $1,000. What is their yield to maturity?

2)
Micron technology’s bonds curently sell for $1,280 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to call? (YTC)
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