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A 15-year, 12 semiannual coupon bond with a par value of $1,000 may be called in 4 years at a call price of $1,060. The
- A 15-year, 12 semiannual coupon bond with a par value of $1,000 may be called in 4 years at a call price of $1,060. The bond sells for $1,100.
- What is the bonds nominal YTM?
- What is the bonds nominal yield to call?
- If you bought this bond, would you likely to earn YTM or YTC? Explain.
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Corporate Valuation A Guide For Managers And Investors
Authors: Phillip R. Daves, Michael C. Ehrhardt, Ron E. Shrieves
1st Edition
0324274289, 978-0324274288
