Question
A 7.10 percent coupon bond with 26 years left to maturity can be called in nine years. The call premium is one year of coupon
A 7.10 percent coupon bond with 26 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 $1,086.35. What is the yield to call of the bond? (Assume interest payments are semiannual.)
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Financial Statement Analysis
Authors: Charles H. Gibson
13th International Edition
1133189407, 9781133189404
