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sure that the signs for PMT and FV are identical and the opposite sign is used for PV; otherwise, your answer will be incorrect. par-because
sure that the signs for PMT and FV are identical and the opposite sign is used for PV; otherwise, your answer will be incorrect. par-because this means that the going market interest rate is less than its coupon rate. $1,196.00. The bond issue is callable in 5 years at a call price of $1,080. What is the bond's current yield? Do not round intermediate calculations. Round your answer to two decimal places. What is the bond's nominal annual yield to maturity (YTM)? Do not round intermediate calculations. Round your answer to two decimal places. What is the bond's nominal annual yield to call (YTC)? Do not round intermediate calculations. Round your answer to two decimal places. %
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