A $1000 per value bound sells for $ 1216. It matures in 20 years has a 26 percent coupon pays interest semiannual and can be called in 5 years at a price of $1156. What is the yield to call. A. 25.78 b. 13.14 c. 26. 28 d. 12. 89
A $1000 per value bound sells for $ 1216. It matures in 20 years has a 26 percent coupon pays interest semiannual and can be called in 5 years at a price of $1156. What is the yield to call. A. 25.78 b. 13.14 c. 26. 28 d. 12. 89
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
A $1000 per value bound sells for $ 1216. It matures in 20 years has a 26 percent coupon pays interest semiannual and can be called in 5 years at a price of $1156. What is the yield to call.
A. 25.78
b. 13.14
c. 26. 28
d. 12. 89
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