Question
Thatcher Corporation's bonds will mature in 10 years. The bonds have a par value of $1,000 and a 12 percent coupon rate, paid semi-annually. The
Thatcher Corporation's bonds will mature in 10 years. The bonds have a par value of $1,000 and a 12 percent coupon rate, paid semi-annually. The price of the bonds is $950. The bonds are callable in 5 years at a call price of $1,030. What is the annual yield to call?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter
8th Canadian Edition
007133887X, 978-0071338875
