Keenan Industries has a bond outstanding with 15 years to maturity,an 8.25% nominal coupon,semiannual payments,and a $1,000 par value.The bond has a 6.50% nominal yield to maturity,but it can be called in 6 years at a price of $1,045.What is the bond's nominal yield to call?
A) 6.77%
B) 5.09%
C) 4.42%
D) 5.54%
E) 5.59%
Correct Answer:
Verified
Q79: Ryngaert Inc.recently issued noncallable bonds that mature
Q80: Morin Company's bonds mature in 8 years,have
Q81: In order to accurately assess the
Q82: A 25-year,$1,000 par value bond has an
Q83: Taussig Corp.'s bonds currently sell for $960.They
Q85: Moerdyk Corporation's bonds have a 15-year maturity,a
Q86: Malko Enterprises' bonds currently sell for $1,020.They
Q87: McCue Inc.'s bonds currently sell for $1,175.They
Q88: O'Brien Ltd.'s outstanding bonds have a $1,000
Q89: Grossnickle Corporation issued 20-year,noncallable,7.4% annual coupon bonds
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents