in 12 years, but can be called in 6 years at a call price of R1070. What value do you need to input into your calculator for "N" to calculate Yield to Call? Provide your answer, in years, as a whole number (no decimal places needed).
in 12 years, but can be called in 6 years at a call price of R1070. What value do you need to input into your calculator for "N" to calculate Yield to Call? Provide your answer, in years, as a whole number (no decimal places needed).
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
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Question
A semi-annual government bond selling for R975, with a coupon of 10.3% has a YTM of 9.1%. The bond matures in 12 years, but can be called in 6 years at a call price of R1070.
What value do you need to input into your calculator for "N" to calculate Yield to Call?
Provide your answer, in years, as a whole number (no decimal places needed).
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