Ibm has just issued a callable at par 6 year 75 coupon bond


IBM has just issued a callable (at par) 6 year, 7.5% coupon bond with annual coupon payments. The bond can be called at par in one year or anytime thereafter on a coupon payment date. It has a price of $104 per $100 face value. What is the bond's yield to call?

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Financial Management: Ibm has just issued a callable at par 6 year 75 coupon bond
Reference No:- TGS02257722

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