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Shinra Industries has a bond outstanding with 10 years to maturity, a 7.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond
Shinra Industries has a bond outstanding with 10 years to maturity, a 7.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 5.5% nominal yield to maturity, but it can be called in 6 years at a price of $1,050. What is the bond's nominal yield to call? Answer: 5.34% REMEMBER: Two-step problem AND semiannual compounding
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Modern Advanced Accounting In Canada
Authors: Hilton Murray, Herauf Darrell
7th Edition
1259066487, 978-1259066481
