Business, 17.04.2020 04:15 aliami0306oyaj0n
A 7.05 percent coupon bond with 25 years left to maturity can be called in eight years. The call premium is one year of coupon payments. It is offered for sale at $1,075.85. What is the yield to call of the bond? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.)
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A 7.05 percent coupon bond with 25 years left to maturity can be called in eight years. The call pre...
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