Question
Ram Enterprises bonds currently sell for $968 and have a par value of $1,000. They have a 6% semi-annual coupon payment and have a 10
Ram Enterprises bonds currently sell for $968 and have a par value of $1,000. They have a 6% semi-annual coupon payment and have a 10 year maturity, but they can be called in 3 years at $1,020. What is their yield to maturity?
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
0135811600, 978-0135811603
