Question
. Delta Motors has bonds outstanding which will mature in 12 years. The bonds pay a 12% semi-annual coupon. The bonds currently have a yield
. Delta Motors has bonds outstanding which will mature in 12 years. The bonds pay a 12% semi-annual coupon. The bonds currently have a yield to maturity of 10%. The bonds are callable in 8 years and have a call price of $1,050. What is the bonds yield to call?
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Investments An Introduction
Authors: Herbert B. Mayo
12th edition
1305638417, 978-1337430937, 1337430935, 978-1305638419
