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A Fairfax Financial Corp. callable bond has the following: Maturity = 7 years; Time to First Call = 3 years; Par Value = $1,000; First
A Fairfax Financial Corp. callable bond has the following: Maturity = 7 years; Time to First Call = 3 years; Par Value = $1,000; First Call Price = $1,050; Coupon = 5.00% (semi-annual); Current Market Price = $970. What is the yield to first call? A) 6.11% Correct Answer B) 7.65% C) 5.00% D) 3.83%
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Accounting For Non-Accountants
Authors: David Horner
10th Edition
0749472812, 978-0749472818
