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. Thatcher Corporation's bonds will mature in 20 years. The bonds have a face value of $1,000 and an 8 percent coupon rate, paid semiannually.
. Thatcher Corporation's bonds will mature in 20 years. The bonds have a face value of $1,000 and an 8 percent coupon rate, paid semiannually. The bonds have a yield to maturity of 10 percent. The bonds are callable in 12 years at a 9 percent call premium. What is the current bond price? What is the investor's yield to call? Show your work
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