Question
Sadik Inc.'s bonds currently sell for $1,280 and have a par value of $1,000. They pay a $135 annual coupon and have a fifteen-year maturity,
Sadik Inc.'s bonds currently sell for $1,280 and have a par value of $1,000. They pay a $135 annual coupon and have a fifteen-year maturity, but they can be called in five years at $1,050. What is their yield to call (YTC)?
Group of answer choices
6.39%
6.72%
7.08%
7.45%
7.82%
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Contemporary Management
Authors: Gareth Jones, Jennifer George
9th Edition
0077718372, 978-0077718374
