Consider an outstanding bond issue with 19 years to maturity, $1,000 par, and a 7.4% coupon,...
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Consider an outstanding bond issue with 19 years to maturity, $1,000 par, and a 7.4% coupon, paid annually. The bonds are selling for $1,107.20 in the market today and will become callable in 4 years with a call price of $1080. What is the yield to call of the bond issue? 3.07% 4.42% 6.41% 6.12% k Consider an outstanding bond issue with 19 years to maturity, $1,000 par, and a 7.4% coupon, paid annually. The bonds are selling for $1,107.20 in the market today and will become callable in 4 years with a call price of $1080. What is the yield to call of the bond issue? 3.07% 4.42% 6.41% 6.12% k
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Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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