Question
A 6.50 percent coupon bond with 24 years left to maturity can be called in eight years. The call premium is one year of coupon
| A 6.50 percent coupon bond with 24 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 $1,127.25. What is the yield to call of the bond? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.) |
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Creating Financial Value A Guide For Senior Executives With No Finance Background
Authors: Malcolm Allitt
1st Edition
1472922719, 978-1472922717
