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6. A bond is selling for $1,248.49, has a 6.6% annual coupon rate, 20 years left until maturity, and a $1,000 par value. It has
| 6. A bond is selling for $1,248.49, has a 6.6% annual coupon rate, 20 years left until maturity, and a $1,000 par value. It has a call provision allowing the issuing firm to call the firm back in 7 years. To do so, they must pay a 15% premium to par value. What is the bond's Yield to Call? Do it in excle with formula |
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Principles of Operations Management Sustainability and Supply Chain Management
Authors: Jay Heizer, Barry Render, Chuck Munson
10th edition
978-0134183954, 134183959, 134181980, 978-0134181981
