Essentials Of Investments
11th Edition
ISBN: 9781260013924
Author: Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher: Mcgraw-hill Education,
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- Mitzi's, II. bonds offer a 5% semiannual coupon at a current market price of $989, 20 years to maturity, and 4 years to call. The bonds have a face value of $1,000 and a call price of $1,025. What is the current yield on these bonds?
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