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Jones, Inc. has bonds outstanding that currently sell for $1100 with a par value of $1000. They mature in 10 years but are callable in
- Jones, Inc. has bonds outstanding that currently sell for $1100 with a par value of $1000. They mature in 10 years but are callable in 5 years with a call premium of 5%. The annual coupon rate is 8%.
- What is the yield to maturity?
- What is the yield to call?
- Which yield should an investor expect to receive?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
21st Edition
1634602048, 978-1634602044
