Question
Regal health issued a 12% annual coupon bond with a $1000 par value a few years ago. the bond now has 10 years remaining to
Regal health issued a 12% annual coupon bond with a $1000 par value a few years ago. the bond now has 10 years remaining to maturity and sells for $1100. bond has call provision that allows regal to call bond in 4 years at a call price of $1060. What is the bond's yield to call?
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Contemporary Financial Management
Authors: James R Mcguigan, R Charles Moyer, William J Kretlow
10th Edition
978-0324289114, 0324289111
