Question
Sadik Inc.s bonds currently sell for $920 and have a par value of $1,000. They pay a $110 annual coupon and have a 16-year maturity,
Sadik Inc.s bonds currently sell for $920 and have a par value of $1,000. They pay a $110 annual coupon and have a 16-year maturity, but they can be called in 4 years at $1,020. What is their yield to call (YTC)?
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Competing On Analytics The New Science Of Winning
Authors: Thomas H Davenport, Jeanne G Harris, Gary Loveman
1st Edition
1422103323, 9781422103326
