Question
A 15-year, 12.00% 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, 12.00% 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 $1,254.00. Find bond's nominal yield to maturity. (Assume that the bond has just been issued and has exactly 15 years until maturity.)
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Earnings Quality
Authors: Andrew P.C.
1st Edition
1521507724, 978-1521507728
