Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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a firm's bonds have a maturity of 14 years with a $1,000
face value, have an 8% semiannual coupon, are callable
in 7 years at $1,073.25, and currently sell at a price of $
1,136.52. what are their nominal yield to maturity and
their nominal yield to call? do not round intermediate
calculations. round your answers to two decimal places.
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Transcribed Image Text:a firm's bonds have a maturity of 14 years with a $1,000 face value, have an 8% semiannual coupon, are callable in 7 years at $1,073.25, and currently sell at a price of $ 1,136.52. what are their nominal yield to maturity and their nominal yield to call? do not round intermediate calculations. round your answers to two decimal places.
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