A 12-year bond with a 10 percent semiannual coupon and a


Question - A 12-year bond with a 10 percent semiannual coupon and a $1,000par value has a nominal yield to maturity of 9 percent. The bond can be called in five years at a call price of $1,090. What is the bond's nominal yield to call?

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Accounting Basics: A 12-year bond with a 10 percent semiannual coupon and a
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