Question
Big Tom's Bowling Company issued a bond that will mature in 15 years. The bond has a face value of $1,000 and an 7% coupon
Big Tom's Bowling Company issued a bond that will mature in 15 years. The bond has a face value of $1,000 and an 7% coupon rate, paid semiannually. The price of the bond is $1,120. The bond is callable in 5 years at a call price of $1,050. What is the bond's yield to maturity? What is the bond's yield to call?
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
