Question
Please use Time-Money Value function or Bond Function on Finance Calculator and Show work! A $10,000, 10% callable corporate bond matures in December of 2030.
Please use Time-Money Value function or Bond Function on Finance Calculator and Show work!
A $10,000, 10% callable corporate bond matures in December of 2030. It is first callable in December of 2020 at a price of 105% of par. You bought the bond on its coupon date in December of 2017, when it was trading to yield 12%.
Please, find the bond's purchase price.
Please, find the bond's yield to first call as of the time of your purchase (December 2017). Make sure to use your answer to bonds purchase price in your calculations. State your answer as a percentage with 3 digits after the decimal point.
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