Question
A 12- year bond has a 10% semi-annual coupon and a face value of $1000. The bond has a nominal yield to maturity of 7%.
A 12- year bond has a 10% semi-annual coupon and a face value of $1000. The bond has a nominal yield to maturity of 7%. The bond can be called in 5 years at a call price of $1050. What is the bond's yield to call?
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Fundamentals of Investments Valuation and Management
Authors: Bradford Jordan, Thomas Miller
7th edition
978-0078096785, 78096782, 978-0077861636, 77861639, 978-0078115660
