Question
A 12year bond has a 10% semiannual coupon and a face value of $1,000. The bond has a nominal yield to maturity of 7%. The
A 12year bond has a 10% semiannual coupon and a face value of $1,000. The bond has a nominal yield to maturity of 7%. The bond can be called in five years at a call price of $1,050. What is the bond's nominal yield to call?
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Financial Management For Nonprofit Human Service Organizations
Authors: Raymond Sanchez Mayers
2nd Edition
0398075131, 9780398075132
