General Electric has just issued a callable 10-year, 5% coupon bond with annual coupon payments. The bond
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General Electric has just issued a callable 10-year, 5% coupon bond with annual coupon payments. The bond can be called at par in one year or anytime thereafter on a coupon payment date. It has a price of $101. What is the bond’s yield to maturity and yield to call?
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Related Book For
Corporate Finance The Core
ISBN: 9781292158334
4th Global Edition
Authors: Jonathan Berk, Peter DeMarzo
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