Question
AAPL launched a callable bond issue on February 2021 with maturity date on February 2061. This bond issue has a coupon rate of 2.8%, paid
AAPL launched a callable bond issue on February 2021 with maturity date on February 2061. This bond issue has a coupon rate of 2.8%, paid semiannually. The issuing price of the bond was 99.713% of par. If AAPL calls this bond issue on February 2028 at a price of 110% of par, find the yield to call.
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Financial Reporting And Statement Analysis A Strategic Perspective
Authors: Clyde P. Stickney, Paul Brown
4th Edition
0030238110, 978-0030238116
