Question
RST 10% bonds were issued 3 years ago and currently sell for $1109.88. These bonds mature in 17 years, but can be called in 2
RST 10% bonds were issued 3 years ago and currently sell for $1109.88. These bonds mature in 17 years, but can be called in 2 years at a 4% premium. Find the yield to call. Round intermediate steps to four decimals. 4.21% 4.16% 5.95% 3% 6%
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International financial management
Authors: Jeff Madura
13th edition
978-1337099738, 1337099732, 9781337515894, 1337515892, 978-1337587211
