Two years ago Chalo Inc. issued a 20- year 9% callable bond at par ($1,000). The coupon
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Two years ago Chalo Inc. issued a 20- year 9% callable bond at par ($1,000). The coupon is paid semi-annually. The bond is callable at a price of $1,070, 5 years after its issue date. Interest rates have remained stable since the bond has been issued.
What is Chalo Inc. bond's yield to call?
Related Book For
Financial Management Theory and Practice
ISBN: 978-0176517304
2nd Canadian edition
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
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