Kicking and Rolling Company has a bond with a coupon rate of 5 percent, a face value
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Question:
Kicking and Rolling Company has a bond with a coupon rate of 5 percent, a face value of $1,000, and 12 years to maturity. Coupons are paid semiannually. The bond currently sells at a yield to maturity of 6 percent and is callable in four years at a call price of $1,040. What is the yield to call (YTC)?
Related Book For
Financial Accounting an introduction to concepts, methods and uses
ISBN: 978-0324789003
13th Edition
Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis
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