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Last year Fairmade Inc. issued a 10-year, 14% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called in
Last year Fairmade Inc. issued a 10-year, 14% semiannual coupon bond at its par value of $1,000. Currently, the bond can be called in 8 years at a price of $1,070 and it sells for $1,350. What is the bond's nominal yield to call?
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Intermediate Financial Management
Authors: Eugene F. Brigham, Phillip R. Daves
12th edition
1285850033, 978-1305480698, 1305480694, 978-0357688236, 978-1285850030
