Question
YIELD TO MATURITY A firm's bonds have a maturity of 13 years with a $1,000 face value, have an 7% semiannual coupon, are callable in
YIELD TO MATURITY A firm's bonds have a maturity of 13 years with a $1,000 face value, have an 7% semiannual coupon, are callable in 5 years at $1,300, and currently sell at a price of $1,150. What are their nominal yield to maturity? Round to TWO decimal places.
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Health Care Finance Basic Tools For Nonfinancial Managers
Authors: Judith J. Baker, R.W. Baker
4th Edition
1284029867, 978-1284029864
