Atlantis Fisheries issues zero coupon bonds on the market at a price of $435 per bond. If these bonds are callable in 7 years at a call price of $523, what is their yield to call? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
Atlantis Fisheries issues zero coupon bonds on the market at a price of $435 per bond. If these bonds are callable in 7 years at a call price of $523, what is their yield to call? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
Chapter11: The Cost Of Capital
Section: Chapter Questions
Problem 2PROB
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47 Atlantis Fisheries issues zero coupon bonds on the market at a price of $435 per bond. If these bonds are callable in 7 years at a call price of $523, what is their yield to call? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)
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