Lis company has just issued a ten-year bond with a coupon rate of 5% and...
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Finance
Lis company has just issued a ten-year bond with a coupon rate of 5% and YTM of 8%. The bond is callable at the end of the fifth year and the call premium is $50. If the par value of the bond is $1,000 and the coupon is paid every six month, calculate yield to call.
5.0%
8.0%
5.6%
11.2%
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