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28 Sep 2019
25. Zee Corporation recently issued 20-year bonds. The bonds have a coupon rate of 8 percent and pay interest semiannually. Also, the bonds are callable in 6 years at a call price equal to 115 percent of par value. The par value of the bonds is $1,000. If the yield to maturity is 7 percent, what is the yield to call?
A. 8.33%
B. 7.75%
C. 9.89%
D. 10.00%
E. 7.00
25. Zee Corporation recently issued 20-year bonds. The bonds have a coupon rate of 8 percent and pay interest semiannually. Also, the bonds are callable in 6 years at a call price equal to 115 percent of par value. The par value of the bonds is $1,000. If the yield to maturity is 7 percent, what is the yield to call?
A. 8.33%
B. 7.75%
C. 9.89%
D. 10.00%
E. 7.00
Jamar FerryLv2
28 Sep 2019