Fooling Company has a callable bond outstanding with a coupon of 10.2 percent, 25 years to maturity, call protection for the next 10 years, and a call premium of $50. What is the yield to call (YTC) for this bond if the current price is 109 percent of par value?

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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Fooling Company has a callable bond outstanding with a coupon of 10.2 percent, 25 years to maturity, call protection for the next 10 years, and a call premium of $50. What is the yield to call (YTC) for this bond if the current price is 109 percent of par value?

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