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?

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Finance Applications and Theory

ISBN: 978-0077861681

3rd edition

Authors: Marcia Cornett, Troy Adair

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Posted Date: May 05, 2023 07:41 AM

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A 12-year bond has a semi-annual coupon of 10 percent and a par value of $1,000, the

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Expert Answer:

YTC stands for Yield to Call which is the yield that an investor would receive if the bond is called at the first available call date In this case the ... View the full answer

Finance Applications and Theory

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