Multiple Choice
A 12-year bond with a 10 percent semiannual coupon and a $1,000 par value has a nominal yield to maturity of 9 percent. The bond can be called in five years at a call price of $1,050. What is the bond's nominal yield to call?
A) 4.50%
B) 8.25%
C) 8.88%
D) 8.98%
E) 9.00%
Correct Answer:
Verified
Correct Answer:
Verified
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