Question
Global Coin Corporations bonds will mature in 10 years. The bonds have a face value of $1,000 and an 7% coupon rate, paid semiannually. The
Global Coin Corporations bonds will mature in 10 years. The bonds have a face value of
$1,000 and an 7% coupon rate, paid semiannually. The price of the bonds is $1,000.
The bonds are callable in 5 years at a call price of $1,200.
What is their yield to maturity?
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What is their yield to call?
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Open Market Operations And Financial Markets
Authors: David Mayes , Jan Toporowski
1st Edition
0415417759, 978-0415417754
