Question
McCu Inc 's bond currently sell for 1,250. they pay a $90 annual coupon ,have a 25 year maturity and a 1009 par value but
McCu Inc 's bond currently sell for 1,250. they pay a $90 annual coupon ,have a 25 year maturity and a 1009 par value but they can vibe called in 5 years at 1050. assume that no cost other than the call premium would be incurred to call and refund the bond . what is the bond yield to maturity?
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Funds Private Equity Hedge And All Core Structures
Authors: Matthew Hudson
1st Edition
1118790405, 978-1118790403
