Question
A 5.75 percent coupon bond with 18 years left to maturity can be called in eight years. The call premium is one year of coupon
| A 5.75 percent coupon bond with 18 years left to maturity can be called in eight years. The call premium is one year of coupon payments. It is offered for sale at $1,147.10. What is the yield to call of the bond? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.) |
| Yield to call | % |
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Fundamentals Of Financial Management
Authors: James C. Van Horne
10th Edition
0138596875, 978-0138596873
