New homes has a bond issue with a coupon rate of 55 percent


New Homes has a bond issue with a coupon rate of 5.5 percent that matures in 12.5 years and is callable in 8.5 years. The bonds have a par value of $1,000 and a market price of $972. Interest is paid semiannually. What is the yield to call?

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Financial Management: New homes has a bond issue with a coupon rate of 55 percent
Reference No:- TGS02243920

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