Question
A 5.80 percent coupon bond with 13 years left to maturity can be called in nine years. The call premium is one year of coupon
A 5.80 percent coupon bond with 13 years left to maturity can be called in nine years. The call premium is one year of coupon payments. It is offered for sale at $1,157.30. What is the yield to call of the bond? (Assume interest payments are semiannual.)
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Fundamentals Of Health Care Financial Management
Authors: Steven Berger
4th Edition
1118801687, 978-1118801680
