SOLUTION: A 12-year bond has a 10 percent semiannual coupon and a face value of $1,000. The bond has a nominal yield to maturity of 7 percent. The bond can be called in five years at a call

Algebra ->  Finance -> SOLUTION: A 12-year bond has a 10 percent semiannual coupon and a face value of $1,000. The bond has a nominal yield to maturity of 7 percent. The bond can be called in five years at a call       Log On


   

Question 1162849: A 12-year bond has a 10 percent semiannual coupon and a face value of $1,000. The bond has a nominal yield to maturity of 7 percent. The bond can be called in five years at a call price of $1,050. What is the bond’s nominal yield to call?
Answer by solver91311(24713) About Me  (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