Question
A 12-year bond has a 10% semiannual coupon and a face value of $1000. The bind has a nominal yield to maturity of 7%. The
A 12-year bond has a 10% semiannual coupon and a face value of $1000. The bind has a nominal yield to maturity of 7%. The bond can be called in five years at a call price 1050. What is the bond's nominal yield to call?
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The Financial System Financial Regulation And Central Bank Policy
Authors: Thomas F. Cargill
1st Edition
1107035678, 9781107035676
