Question
Del Bakeries has issued a 30 year par value bond that is callable in 5 years. If the coupon rate is 5.5% payable semiannually, what
Del Bakeries has issued a 30 year par value bond that is callable in 5 years. If the coupon rate is 5.5% payable semiannually, what is the bond's yield to call if the yield to maturity is 8% and the call premium is one year's interest?
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
