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1 . Ozarks Managed Care Inc. issued some callable bonds 1 9 years ago with 3 0 - year life at their par value of
Ozarks Managed Care Inc. issued some callable bonds years ago with year life at their par value of $ These bonds pay coupon rate with annual payment. The firm just announced that these bonds are being called with $ call premium. A noncallable bond with the same features time till maturity; coupon rate, and par value and same risks are selling at $ a piece on the market today. Whats the yieldtomaturity on the noncallable bonds? Please round your answer to decimal places and skip the sign, eg put instead of
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