Question
YIELD TO MATURITY A firm's bonds have a maturity of 12 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 12 years with a $1,000 face value, have an 11% semiannual coupon, are callable in 6 years at $1,202, and currently sell at a price of $1,354.77.
- 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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The Bank Credit Analysis Handbook
Authors: Jonathan Golin, Philippe Delhaise
2nd Edition
0470821574, 978-0470821572
