9. A 20-year, 12% semiannual coupon bond selling for $1,200.00 can be called in 5 years for $1,060, what is its effective yield to call (YTC)? a.4.030% b.8.059% c.9.463% d.8.852% e.4.732%
9. A 20-year, 12% semiannual coupon bond selling for $1,200.00 can be called in 5 years for $1,060, what is its effective yield to call (YTC)? a.4.030% b.8.059% c.9.463% d.8.852% e.4.732%
Chapter6: Bonds (debt) - Characteristics And Valuation
Section: Chapter Questions
Problem 10PROB
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