Question
A firms bonds have a maturity of 20 years with a $1,000 face value, a 9 percent semiannual coupon, are callable in 4 years at
A firms bonds have a maturity of 20 years with a $1,000 face value, a 9 percent semiannual coupon, are callable in 4 years at $1,085, and currently sell at a price of $1,194. What is their yield to maturity (YTM)?
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Technical Analysis Of Stock Trends
Authors: Robert D. Edwards, John Magee, W.H.C. Bassetti
9th Edition
0814408648, 978-0814408643
