Question
Dyl Inc.'s bonds currently sell for $850 and have a par value of $1,000. They pay a $50 annual coupon and have a 10-year maturity,
Dyl Inc.'s bonds currently sell for $850 and have a par value of $1,000. They pay a $50 annual coupon and have a 10-year maturity, but they can be called in 6 years at $1,100. What is their yield to maturity (YTM)?
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Entrepreneurial Finance
Authors: J . chris leach, Ronald w. melicher
4th edition
538478152, 978-0538478151
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