Question
Sadik Inc.'s bonds currently sell for $1,185 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity,
Sadik Inc.'s bonds currently sell for $1,185 and have a par value of $1,000. They pay a $105 annual coupon and have a 15-year maturity, but they can be called in 5 years at $1,100. What is their yield to call (YTC)?
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Financial Management In The Sport Industry
Authors: Matthew T. Brown, Daniel A. Rascher, Mark S. Nagel, Chad D. McEvoy
3rd Edition
0367321211, 978-0367321215
