A 15-year, 10% semi-annual bond with a PAR value of $1,000 is currently selling for...
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A 15-year, 10% semi-annual bond with a PAR value of $1,000
is currently selling for $1195
with a YTM of 7.7753%
The bond could be called after SIX (6) years
for a CALL price of $1035
CALCULATE: YTC (Yield to CALL)
COMPLETE: Call Decision (yes or no) choice
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