Nico Corp issued bonds bearing a coupon rate of 12 percent, pay coupons semiannually, have...
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Nico Corp issued bonds bearing a coupon rate of 12 percent, pay coupons semiannually, have 3 years remaining to call date, and are currently priced at $980 per bond. The call price is 1120. What is the approximate yield to call? O a. 17.25% . O b. 13.99% O c. 14.04% O d. 12.00% e. None of the above
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