Question
Question 14 A callable bond pays annual interest of $60, has a par value of $1,000, matures in 20 years but is callable in 10
Question 14
A callable bond pays annual interest of $60, has a par value of $1,000, matures in 20 years but is callable in 10 years at a price of $1,100, and has a value today of $1055.84. The yield to call on this bond is __________.
| 6.00% | ||
| 6.58% | ||
| 7.20% | ||
| 8.00% |
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Financial Management Concepts and Applications
Authors: Stephen Foerster
1st edition
013293664X, 978-0132936644
