1.1 A semi-annual corporate bond selling for R825.22) with a coupon of 6% has a YTM...
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1.1 A semi-annual corporate bond selling for R825.22) with a coupon of 6% has a YTM of 8%. The bond matures in 8 years but can be called in 3 years at a call price of R1060 (this is a premium of 6%). What is this bond's Yield to Call (YTC)? COL 1.1 A semi-annual corporate bond selling for R825.22) with a coupon of 6% has a YTM of 8%. The bond matures in 8 years but can be called in 3 years at a call price of R1060 (this is a premium of 6%). What is this bond's Yield to Call (YTC)? COL
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SOLUTION To calculate the yield to call YTC of a bond we need to find the discount rate that equates ... View the full answer
Related Book For
Corporate Finance A Focused Approach
ISBN: 978-1305637108
6th edition
Authors: Michael C. Ehrhardt, Eugene F. Brigham
Posted Date:
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