Bond nominal yield to call


Keenan Industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 6.50% nominal yield to maturity, but it can be called in 6 years at a price of $1,100. What is the bond's nominal yield to call?

Request for Solution File

Ask an Expert for Answer!!
Finance Basics: Bond nominal yield to call
Reference No:- TGS052591

Expected delivery within 24 Hours