Question
Determine the yield-to-call (to nearest 0.1 of a percent) of an LTV bond with a 14 percent annual coupon rate, that pays interest semiannually. The
Determine the yield-to-call (to nearest 0.1 of a percent) of an LTV bond with a 14 percent annual coupon rate, that pays interest semiannually. The bond can be called in 7 years, has a call price of $1140, and is currently selling for $1154.
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Fundamentals Of Corporate Finance
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
13th Edition
1265553602, 978-1265553609
