A 15-year 1000 face value bond with a 10 semiannual coupon


A 15-year, $1000 face value bond with a 10% semiannual coupon has a nominal yield to maturity of 7.5%. The bond, which may be called after five years, has a nominal yield to call of 5.4%. What is the bond's call price?

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Finance Basics: A 15-year 1000 face value bond with a 10 semiannual coupon
Reference No:- TGS0621324

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