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A firm has issued a 6 year bond with $1,000 par value. The bond pays coupons at a rate of 2% annually. The price is
A firm has issued a 6 year bond with $1,000 par value. The bond pays coupons at a rate of 2% annually. The price is currently sold at $925. The bonds are callable 2 years from today at a 5% call premium. What is the yield to call?
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Corporate Treasury And Cash Management
Authors: Robert Cooper
1st Edition
1349512699, 9781349512690
