Magnum opus corporation issues an 8 corporate bond that, Ask an Expert

Management Studies

Magnum Opus Corporation issues an 8% corporate bond that matures in 10 years and pays interest semiannually. The bond sells for $770.60. There is a 5-year call protection, after which time the bond may be called for $1100. What is the YTM at time of issue?

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Business Management, Management Studies

Category:- Business Management
Reference No.:- M9116164

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