Houston Industrial bonds have a maturity of 7 years with a $1000 face value, have...
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Houston Industrial bonds have a maturity of 7 years with a $1000 face value, have an 9% semiannual coupon, are callable in 3 years at $1,045, and currently sell at a price of $990. Part A- What is their nominal yield to maturity? Part B- What is the yield to call?
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