Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. zakinata inc. issued bonds bearing a coupon rate o

Zakinata Inc. issued bonds bearing a coupon rate of 10 percent, pay coupons semiannually, have...

60.1K

Verified Solution

Question

Finance

Zakinata Inc. issued bonds bearing a coupon rate of 10 percent, pay coupons semiannually, have 8 years remaining to call date and 12 years remaining to maturity. The bonds are currently priced at $900 per bond and the call price is 1100. What is the approximate yield to call?

a. None of the above

b. 13.3%

c. 11.4%

d. 12.5%

e. 20%

f. 14.0%

g. 15.0%

image

Zakinata Inc. issued bonds bearing a coupon rate of 10 percent, pay coupons semiannually. have 8 years remaining to call date and 12 years remaining to maturity. The bonds are currently priced at $900 per bond and the call price is 31100. What is the approximate yield to call None of the above a o 13.396 12.5% 20% 14.096 15.0%

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