A companys bonds have 15 years to maturity, a 7.6% coupon rate paid semi-annually, and a $1,000
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Question:
A company’s bonds have 15 years to maturity, a 7.6% coupon rate paid semi-annually, and a $1,000 par value. The bonds have a 7% nominal yield to maturity, but can be called in 6 years at a price of $1,120. What is the nominal yield to call (YTC) on these bonds?
Expert Answer:
To calculate the nominal yield to call YTC on the bonds we need to find the yield at which the prese... View the full answer
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