Atlantis Fisheries issues zero coupon bonds on the market at a price of $484 per bond. These are callable in 4 years at a call price of $600. Using semiannual compounding, what is the yield to call for these bonds? Assume semiannual compounding (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Atlantis Fisheries issues zero coupon bonds on the market at a price of $484 per bond. These are callable in 4
years at a call price of $600. Using semiannual compounding, what is the yield to call for these bonds? Assume
semiannual compounding (Do not round intermediate calculations. Enter your answer as a percent
rounded to 2 decimal places.)
Transcribed Image Text:Atlantis Fisheries issues zero coupon bonds on the market at a price of $484 per bond. These are callable in 4 years at a call price of $600. Using semiannual compounding, what is the yield to call for these bonds? Assume semiannual compounding (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)
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