Question
Kringle Enterprises has bonds outstanding with 15 years left to maturity, but they are callable in 10 years with a quoted call price of 115.
Kringle Enterprises has bonds outstanding with 15 years left to maturity, but they are callable in 10 years with a quoted call price of 115. They have an 11% annual coupon rate and they pay interest semi-annually. Their current quoted price in the financial press is 110.5. What is the bond's yield to call?
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AS Accounting For AQA
Authors: David Cox,Michael Fardon
2nd Edition
1905777140, 978-1905777143
