Fill This Form To Receive Instant Help
Homework answers / question archive / Funny Industries has a bond outstanding with 20 years to maturity, a 5
Funny Industries has a bond outstanding with 20 years to maturity, a 5.2% coupon paid semiannually, and a $1,000 par value. The bond has a 4.5% nominal yield to maturity, but it can be called in 5 years at a price of $1,045. What is the bond's nominal yield to call?
a. 1.75%
b. 1.99%
c. 2.60%
d. 3.50%
e. 3.98%
Already member? Sign In