Question
A firm's bonds have a maturity of 10 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 5 years at
A firm's bonds have a maturity of 10 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 5 years at $1,184, and currently sell at a price of $1,328.89.
What is their nominal yield to maturity? Round your answer to two decimal places. %
What is their nominal yield to call? Round your answer to two decimal places. %
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Computational Finance And Its Applications
Authors: C. A. Brebbia, M. Costantino
1st Edition
1853127094, 978-1853127090
