Quigley Inc.'s bonds currently sell for $980 and have a par value of $1,000. Interest...

60.1K

Verified Solution

Question

Finance

image

Quigley Inc.'s bonds currently sell for $980 and have a par value of $1,000. Interest is paid annually, the coupon rate is 11% and bonds have a 18-year maturity, but they can be called in 4 years at a call price of 1,080. What is their yield to call (YTC)? 15.00% 13.32% 11.26% 12.40%

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students