March 1, 2017

Homework Help: finance

Posted by granann on Monday, November 4, 2013 at 12:52am.

Coles Inc's bonds currently sell for $1,180 and have a par value of $1,000. The pay a $65 annual coupon and have a 15 year maturity, but they can be called in 5 years at $1,100. What is their yield to maturity (YTM)?

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