Schumacher Homes has 8 percent bonds outstanding that mature in 13 years. The bonds pay...
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Schumacher Homes has 8 percent bonds outstanding that mature in 13 years. The bonds pay interest semiannually. These bonds have a par value of $1,000 and are callable in 2 years at a premium of $75. What is the yield to call if the current price is equal to 103.25 percent of par?
| 9.66 percent | ||
| 7.75 percent | ||
| 8.98 percent | ||
| 8.06 percent |
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