Question
Jerome Corporation's bonds have 15 years to maturity, an 8.75% coupon paid annually, and a $1,000 par value. The bond has a 6.50% nominal yield
Jerome Corporation's bonds have 15 years to maturity, an 8.75% coupon paid annually, and a $1,000 par value. The bond has a 6.50% nominal yield to maturity, but it can be called in 7 years at a price of $1,050. What is the bond's nominal yield to call?
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Finance For A Better World
Authors: Henri-Claude De Bettignies, F. Lépineux
2009th Edition
0230551300, 978-0230551305
