A companys bonds have 15 years to maturity, a 7.6% coupon rate paid semi-annually, and a $1,000
Fantastic news! We've Found the answer you've been seeking!
Question:
A company’s bonds have 15 years to maturity, a 7.6% coupon rate paid semi-annually, and a $1,000 par value. The bonds have a 7% nominal yield to maturity, but can be called in 6 years at a price of $1,120. What is the nominal yield to call (YTC) on these bonds?
Related Book For
Posted Date: