Sheenan Industries has a bond outstanding with 1 5 years to maturity, an 8 . 2 5
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Question:
Sheenan Industries has a bond outstanding with years to maturity, an nominal coupon, semiannual payments, and a $ par value. The bond has a nominal yield to maturity, but it can be called in years at a price of $ What is the appropriate measure of yield to the investor?
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