Question
A 15-year, 10.0000% semi-annual bond with a PAR value of $1,000 is currently selling for $1,195 with a YTM of 7.7753% The bond could be
A 15-year, 10.0000% semi-annual bond with a PAR value of $1,000 is currently selling for $1,195 with a YTM of 7.7753% The bond could be called after SIX (6) years for a CALL price of $1035 CALCULATE: YTC (Yield to CALL) COMPLETE: Call Decision (yes or no) choice How do you complete/solve this with a financial calculator?
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AS Accounting For AQA
Authors: David Cox,Michael Fardon
2nd Edition
1905777140, 978-1905777143
