Question
A few years ago, Super Tech Inc. issued a bond that has a face value equal to $1,000 and pays investors $25 interest every six
A few years ago, Super Tech Inc. issued a bond that has a face value equal to $1,000 and pays investors $25 interest every six months. The bond is callable in seven years. If you require an 8% rate of return to invest in this bond, what is the yield to call?
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Finance For Growing Enterprises
Authors: Edward W. Davis, Roger Buckland
1st Edition
1138679941, 978-1138679948
