Question
Yes They Can, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 34 years. The annual coupon rate is
Yes They Can, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 34 years. The annual coupon rate is 11.0% with quarterly coupon payments. The bonds are currently selling for $1,054. The bonds may be called in 4 years for 111.0% of par. What is the quoted annual yield-to-call for these bonds?
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Mergers Acquisition And Other Restructuring Activities
Authors: Donald M. Depamphilis
6th Edition
123854857, 978-0123854858
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