Question
A firm's bonds have a maturity of 14 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 7 years at
A firm's bonds have a maturity of 14 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 7 years at $1,067, and currently sell at a price of $1,122.74.
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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Rich Dads Increase Your Financial IQ Get Smarter With Your Money
Authors: Robert T. Kiyosaki
1st Edition
1612680658, 978-1612680651
