Question
A firm's bonds have a maturity of 12 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 6 years at
A firm's bonds have a maturity of 12 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 6 years at $1,206, and currently sell at a price of $1,360.82.
What is their nominal yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places. %
What is their nominal yield to call? Do not round intermediate calculations. Round your answer to two decimal places.
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Accounting For Non-Accounting Students
Authors: John R. Dyson, Ellie Franklin
9th Edition
978-1292128979, 1292128976
