The bonds are being issued at par and pay interest
Castle's Furniture Outlet is issuing 20-year, 8 percent callable bonds. These bonds are callable in 5 years with a call premium of $40. The bonds are being issued at par and pay interest semi-annually. What is the yield to call?
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castles furniture outlet is issuing 20-year 8 percent callable bonds these bonds are callable in 5 years with a call
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