Question
3. A companys bonds currently sell for $1,200. The bonds have a 6-year maturity, a 6% coupon paid semi-annually, and a par value of $1,000.
3. A companys bonds currently sell for $1,200. The bonds have a 6-year maturity, a 6% coupon paid semi-annually, and a par value of $1,000. What is the nominal yield to call (YTC) on these bonds (to one decimal place, e.g., 5.1%)?
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Healthcare Finance An Introduction To Accounting And Financial Management
Authors: Louis C. Gapenski
4th Edition
1567932800, 978-1567932805
