Question
A firms bonds have a maturity of 12 years with a $1,000 face value, a 12 percent semiannual coupon, are callable in 6 years at
A firms bonds have a maturity of 12 years with a $1,000 face value, a 12 percent semiannual coupon, are callable in 6 years at $1,070, and currently sell at a price of $1,141. What is their yield to maturity (YTM)?
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Cases In Healthcare Finance
Authors: George H. Pink, Paula H. Song
7th Edition
1640553177, 978-1640553170
