QUESTION 17
Burns Power’s $1000 par value, semi-annual coupon bonds
currently have a yield to maturity of 5.6%. These bonds have a 6.8%
annual coupon rate and mature in 13 years. Also, these bonds could
be called in 3 years at a price of $1045.
What is the yield to call for these bonds?
a. |
5.60% |
|
b. |
6.80% |
|
c. |
4.98% |
|
d. |
4.28% |
|
e. |
4.19% |
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