Question
Convenient Stores has a bond issue with 10 years to maturity, $1,000 face value, 8% coupon interest compounded semiannually, that are callable in 5 years
Convenient Stores has a bond issue with 10 years to maturity, $1,000 face
value, 8% coupon interest compounded semiannually, that are callable in 5
years at $1050. The bonds currently sell in the market for $1,100.
What is the YIELD TO CALL ( NOT YIELD TO MATURITY)?
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International Financial Reporting A Practical Guide
Authors: Alan Melville
6th edition
1292200743, 1292200766, 9781292200767, 978-1292200743
