Question
consider a 20-year bond paying 8.5% (semi-annually) and selling for US$850.42 per US$1,000 par value. This bond is callable in 5 years at US$1,025. Find,
consider a 20-year bond paying 8.5% (semi-annually) and selling for US$850.42 per US$1,000 par value. This bond is callable in 5 years at US$1,025. Find, by using either Goal Seek or the IRR function, the semiannual yield-to-call (YTC), the annual YTC and the effective yield.
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Intermediate Accounting
Authors: David Spiceland
11th Edition
1264134525, 9781264134526
