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The answer is incorrect. Please provide the steps to get the right answer? 011 pts You just purchased bond ABB at 95% of its par
The answer is incorrect. Please provide the steps to get the right answer?
011 pts You just purchased bond ABB at 95% of its par value. The bond is callable at the end of 2025 with a call premium of 5% of par value. The annual coupon rate is 8%. You have not received 2019's coupon yet because it is only October right now. This is an annual coupon bond. What is the Yield to Call for you at this moment? You must round up answer to 2 decimals, and write your answer without the percentage sign. (For example, if your answer is 5.80%, you must write 5.80). 3.56Step by Step Solution
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