Question
YIELD TO MATURITY A firm's bonds have a maturity of 8 years with a $1,000 face value, have an 11% semiannual coupon, are callable in
YIELD TO MATURITY
A firm's bonds have a maturity of 8 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 4 years at $1,153, and currently sell at a price of $1,283.09.
What is their nominal yield to maturity? Do not round intermediate calculations. Round your answer to two decimal places. %
What is their nominal yield to call? Do not round intermediate calculations. Round your answer to two decimal places. %
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Financial Analysis With Microsoft Excel 2016
Authors: Timothy R. Mayes, Todd M. Shank
8th Edition
1337298042, 9781337298049
