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JX Inc. issued a 25-year bond which is callable in 15 years. It has a coupon rate of 12.50% payable semiannually, has a call premium
JX Inc. issued a 25-year bond which is callable in 15 years. It has a coupon rate of 12.50% payable semiannually, has a call premium of $250, and is currently selling for $880. What is the yield to call? (The face value of the bond is $1000.) Question 15 options: 15.02% 14.32% 14.40% 14.48%
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Modern Portfolio Theory and Investment Analysis
Authors: Edwin Elton, Martin Gruber, Stephen Brown, William Goetzmann
9th edition
