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 to maturity
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. What is the yield to call on the bond?
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Forecasting Methods And Applications
Authors: Spyros G. Makridakis, Steven C. Wheelwright, Rob J Hyndman
3rd Edition
0471532339, 9780471532330
