Question
Henderson Industries has a bond outstanding with a 15-year maturity, a 15% annual coupon rate, and a $1,000 par value. The bond has a
Henderson Industries has a bond outstanding with a 15-year maturity, a 15% annual coupon rate, and a $1,000 par value. The bond has a 9% yield to maturity, but it can be called in 6 years at a price of $1,150. What is the bond's yield to call?
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Fundamentals of Financial Management
Authors: Eugene F. Brigham
Concise 9th Edition
1305635937, 1305635930, 978-1305635937
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