MNO Co. issues zero coupon bonds on the market at a price of $319 per...
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Finance
MNO Co. issues zero coupon bonds on the market at a price of $319 per bond. Each bond has a face value of $1,000 payable at maturity in 18 years. The bonds are callable in 12 years at $515 . What is the yield to call for these bonds (in percent)? Answer to two decimals. Assume 1,000 par value and semi annual compounding
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