A 12-year bond has a semi-annual coupon of 10 percent and a par value of $1,000, the
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A 12-year bond has a semi-annual coupon of 10 percent and a par value of $1,000, the nominal YTM is 9%. The bond can be called in 5 years for $1180
What is the nominal YTC?
Related Book For
Finance Applications and Theory
ISBN: 978-0077861681
3rd edition
Authors: Marcia Cornett, Troy Adair
Posted Date: