Question
Micron Technology's bonds currently sell for $1,280 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity,
Micron Technology's bonds currently sell for $1,280 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to call
(ytc)?
Your answer should be between 4.56 and 8.32, rounded to 2 decimal places, with no special characters.
Micron Technology's bonds currently sell for $1,280 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to call
(ytc)?
Your answer should be between 4.56 and 8.32, rounded to 2 decimal places, with no special characters.
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Victorian Literature And Finance
Authors: Francis O'Gorman
1st Edition
0199281920, 978-0199281923
