Question
A firms bonds have a maturity of 17 years with a $1,000 face value, a 10 percent semiannual coupon, are callable in 4 years at
A firms bonds have a maturity of 17 years with a $1,000 face value, a 10 percent semiannual coupon, are callable in 4 years at $1,080, and currently sell at a price of $1,168. What is their yield to call (YTC)?
| a. | 10.00% | |
| b. | 6.89% | |
| c. | 8.16% | |
| d. | 5.29% | |
| e. | 8.35% |
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Corporate Treasury And Cash Management
Authors: Robert Cooper
1st Edition
1349512699, 9781349512690
