Fooling company has a 108 percent callable bond outstanding, Ask an Expert

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Fooling Company has a 10.8 percent callable bond outstanding on the market with 25 years to maturity, call protection for the next 5 years, and a call premium of $100. What is the yield to call (YTC) for this bond if the current price is 105 percent of par value? (Round your answer to 2 decimal places. Omit the "%" sign in your response.)

Yield to call %

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91606025

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