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Fooling Company has a callable bond outstanding with a coupon of 10.6 percent, 25 years to maturity, call protection for the next 10 years,
Fooling Company has a callable bond outstanding with a coupon of 10.6 percent, 25 years to maturity, call protection for the next 10 years, and a call premium of $25. What is the yield to call (YTC) for this bond if the current price is 106 percent of par value? Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Yield to call %
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Investment Analysis and Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
10th Edition
538482109, 1133711774, 538482389, 9780538482103, 9781133711773, 978-0538482387
