Question
GPS Inc.'s bonds currently sell for $1,200 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity,
GPS Inc.'s bonds currently sell for $1,200 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 7 years at $1,100. What is their yield to call (YTC)? please wriet out all work. will upvote!
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
9th Edition
0324656122, 978-0324656121
