A corporate bond pays interest twice a year and has 16 years to maturity, a face...
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A corporate bond pays interest twice a year and has 16 years to maturity, a face value of $1,000 and a coupon rate of 6.2%. The bond's current price is $1,388.72. It is callable starting 10 years from now (years to call) at a call price of $1,101. Part 1 What is the bond's (annualized) yield to maturity? BAttempt 5/5 for 10 pts. A corporate bond pays interest twice a year and has 16 years to maturity, a face value of $1,000 and a coupon rate of 6.2%. The bond's current price is $1,388.72. It is callable starting 10 years from now (years to call) at a call price of $1,101. Part 1 What is the bond's (annualized) yield to maturity? BAttempt 5/5 for 10 pts.
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To calculate the bonds yield to maturity YTM we need to solve for the discount rate that equates the ... View the full answer
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