An 11-year, $1,000 face value bond has an annual coupon rate of 8% and its...
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Finance
An 11-year, $1,000 face value bond has an annual coupon rate of 8% and its yield to maturity is 7.5%. The bond can be called 3 years from now at a price of $1,060. What is the bonds nominal yield to call?
A.
8.54%
B.
8.41%
C.
9.82%
D.
8.38%
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