A 10 year, 6.75% semi-annual coupon bond with a par value of $1,000 of the...
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Accounting
A 10 year, 6.75% semi-annual coupon bond with a par value of $1,000 of the Mark Cuban company may be called in 4 years at a call price of $1,060. The bond sells for $1,100. What is the bond's yield to maturity?
a. 5.94%
b. 6.75%
c. 5.44%
d. 2.72%
e. None of these are correct
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