Business, 03.05.2021 14:20 leonardoocampo7555

Two years ago, Synergy Inc. issued a 15-year callable bond with a $1,000 face value and a 12 percent coupon rate of interest (paid semiannually). The bond cannot be called until five years after issue, at which time the call price will equal $1,120. Currently, the bond is selling for $989.What is the bond's yield to call (YTC).

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Two years ago, Synergy Inc. issued a 15-year callable bond with a $1,000 face value and a 12 percent...

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