Question: Please provide I/Y using EAR formula, if necessary. IBM has just issued a callable at par) 5 year, 9% coupon bond with quarterly coupon payments.

Please provide I/Y using EAR formula, if necessary.

Please provide I/Y using EAR formula, if necessary. IBM has just issued

IBM has just issued a callable at par) 5 year, 9% coupon bond with quarterly coupon payments. The bond can be called at par in two years or anytime thereafter on a coupon payment date. It has a price of $102 per $100 face value, implying a yield to maturity of 8.78%. What is the bond's yield to call? 6.8696 8.7896 8.1596 7.9196

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