Question
Z Corporation has a bond outstanding. It has a coupon rate of 8.0 percent and a $1000 par value. The bond has 8 years left
Z Corporation has a bond outstanding. It has a coupon rate of 8.0 percent and a $1000 par value. The bond has 8 years left to maturity but could be called after 4 years for $1000 plus a call premium of $40. The bond is selling for $1016. The yield to call on this bond is?
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Handbook Of Financial Risk Management
Authors: Thierry Roncalli
1st Edition
1138501875, 978-1138501874
