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A 12% Coupon Bond,semiannual Payments,is Callable in 5 Years

Question 3

Multiple Choice

A 12% coupon bond,semiannual payments,is callable in 5 years.The call price is $1,120;if the bond is selling today for $1,110,what is the yield to call?


A) 12.03%.
B) 10.86%.
C) 10.95%.
D) 9.14%.
E) none of these.

Correct Answer:

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