Question
Emery Inc.s bonds currently sell for $985 and have a par value of $1,000. They pay $80 annual coupon and have 18 years to maturity,
Emery Inc.s bonds currently sell for $985 and have a par value of $1,000. They pay $80 annual coupon and have 18 years to maturity, but they can be called in 7 years at a call price of $1,080. What is their yield to call (YTC)?
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The Handbook Of Mergers And Acquisitions
Authors: David Faulkner, Satu Teerikangas, Richard J. Joseph
1st Edition
0199601461, 978-0199601462
