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A 26-year bond with a 12 percent semiannual coupon and a $1,000 face value has a nominal yield to maturity of 9.9 percent. The bond
| A 26-year bond with a 12 percent semiannual coupon and a $1,000 face |
| value has a nominal yield to maturity of 9.9 percent. The bond currently sells for |
| $1,194.92. The bond, which may be called after 4 years, has a nominal yield to |
| call of 8.70% percent. What is the bonds call price? |
$1,120.00
$1,110.00
$1,100.00
$1,130.00
$1,140.00
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad Mcevoy
1st Edition
1934432040, 978-1934432044
