Question
A 7-year, 10.00% semiannual coupon bond with a par value of $1000 may be called in 6 years at a call price of $1,200.00. The
A 7-year, 10.00% semiannual coupon bond with a par value of $1000 may be called in 6 years at a call price of $1,200.00. The bond sells for $990.50. (Assume that the bond has just been issued.). What is its yield to maturity?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
13th Edition
1337395080, 9781337395083
