Question
A 7-year, 11.55% monthly coupon bond with a par value of $1,000 may be called in 5 years at a call price of $1,210.85. If
A 7-year, 11.55% monthly coupon bond with a par value of $1,000 may be called in 5 years at a call price of $1,210.85. If the bond is currently trading at $747.51, the capital gains yield of the bond is closest to
A. 2.45%.
B. 4.72%.
C. 7.15%.
D. 9.45%.
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith Baker
2nd Edition
0763726605, 9780763726607
