Chelsea purchased a 1 0 year par value bond with 6 % semiannual coupons at a price

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Question:

Chelsea purchased a

10

year par value bond with

6 %

semiannual coupons at a price of

997.50 .

The bond can be called at par value

1200

on any coupon date starting at the end of year

5 .

What is the minimum yield that Chelsea could recieve, expressed as a nominal annual rate convertible semiannually?

Posted Date: May 17, 2024 07:01 AM

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Chelsea purchased a 1 0 year par value bond with 6 % semiannual coupons at a price

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