
Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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An analyst, Tyler, observes a Shin’s Korea BBQ Group, 8.17%, 14-year, quarterly pay bond trading at 102.347% of par, where par value is $1,000. The bond is callable at 99 in five years. The bond’s yield-to-call (YTC) is closest to
A.
7.437%.
B.
6.296%.
C.
5.578%.
D.
3.701%.
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