Question
A bond has a $1000 par value, 17 years to maturity, and pays a coupon of 5.25% per year, semiannually. the bond is callable in
A bond has a $1000 par value, 17 years to maturity, and pays a coupon of 5.25% per year, semiannually. the bond is callable in four years at $1065. if the bond's current yeild is 5.4% per year, what is its yeild to call?
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Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Jeffrey Jaffe, Gordon Roberts, Hamdi Driss
8th Canadian Edition
01259270114, 9781259270116
