SOLUTION: A 10-year bond has a face value of $1,000. The bond has a 7 percent semiannual coupon. The bond is callable in 7 years at a call price of $1,040. The bond has a nominal yield to ca
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Question 1162850: A 10-year bond has a face value of $1,000. The bond has a 7 percent semiannual coupon. The bond is callable in 7 years at a call price of $1,040. The bond has a nominal yield to call of 6.5 percent. What is the bond’s nominal yield to maturity?
Answer by solver91311(24713) (Show Source): You can put this solution on YOUR website!
Finance question requiring specialized knowledge in financial terms, relationships, and formulas. Inappropriate for a general mathematics help website.
John
My calculator said it, I believe it, that settles it
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