Question
Premium Enterprises callable bonds currently sell for $1,165. They have a 15-year maturity, and can be called by paying a premium of 5%, in 10
Premium Enterprises callable bonds currently sell for $1,165. They have a 15-year maturity, and can be called by paying a premium of 5%, in 10 years. Its Semi annual coupon is $45, and a par value of $1,000. What is their yield to call?
Answer should be in Percentage with two decimals. For example 9.56
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Financial Management For Decision Makers
Authors: Peter Atrill
7th Edition
129201606X, 978-1292016061
