A bond with a face value of $1,000 matures in 10 years and has a |
9.7 percent semiannual coupon. (That is, the bond pays a $48.50 coupon every six months.) |
The bond has a nominal yield to maturity of 10.3 percent, and it can be called in 2 |
years at a call price of $1,019.00. What is the bond’s nominal yield to call? |
15.71%
13.71%
16.71%
12.71%
14.71%
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