A 10-year 1000 par value 12 semiannual coupon bond has a


A 10-year, $1,000 par value, 12% semiannual coupon bond has a price of $1,100 and it is callable in 4 years at a call premium of $60. What is the bond's nominal yield to call (YTC)?

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Finance Basics: A 10-year 1000 par value 12 semiannual coupon bond has a
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