Question
Four years ago, Dinoco issued 15-year, 6.4% semi-annual coupon bonds that currently trade for $761. If each bond features a 5-year deferred call feature with
| Four years ago, Dinoco issued 15-year, 6.4% semi-annual coupon bonds that currently trade for $761. If each bond features a 5-year deferred call feature with a 4 coupon payment penalty in addition to face value ($1000), what is the yield-to-call? | |||||||||||||
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Value Investing
Authors: Mike Hartley
1st Edition
979-8864443309
