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

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Question 1163010: 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 ikleyn(52817) About Me  (Show Source):
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