Assume that you purchased an 8 percent, 20-year, $1,000 par, semiannual payment bond priced at $1,012.50 when
Question:
a. Its promised yield to maturity
b. Its yield to call if the bond is callable in three years with an 8 percent premium
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a Using a financial calculator PV 101250 FV 1000 PMT 40 n 24 a...View the full answer
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Related Book For 
Investment Analysis and Portfolio Management
ISBN: 978-0538482387
10th Edition
Authors: Frank K. Reilly, Keith C. Brown
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