Question
A company has a semiannual coupon bond issue that has a coupon rate of 10%, a par value of $1,000, a 20 years maturity,
A company has a semiannual coupon bond issue that has a coupon rate of 10%, a par value of $1,000, a 20 years maturity, and a current price of $1,319.42. Determine the bond's YTC if the bond is called back 5 years from now with a call price of $1,200.
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Investments
Authors: Zvi Bodie, Alex Kane, Alan J. Marcus
9th Edition
73530700, 978-0073530703
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