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A 3.95% coupon bond with 12 years left to maturity can be called in 9 years; The call premium is 1 year of coupon payments;
"A 3.95\% coupon bond with 12 years left to maturity can be called in 9 years; The call premium is 1 year of coupon payments; The bond is currently offered for sale at $1,004.60 (Assume interest payments are semiannual) - What is the bond's yield to maturity?" 1.95% 3.90% 3.93% 3.89% 3.86% 7.84% 7.80% Step by Step Solution
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Finance For Nonfinancial Managers Beginners Handbook For Finance
Authors: Murugesan Ramaswamy
1st Edition
1516973801, 978-1516973804
