Question fooling company has a 104 percent callable bond, Ask an Expert

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Question: Fooling Company has a 10.4 percent callable bond outstanding on the market with 25 years to maturity, call protection for the next 10 years, and a call premium of $75. What is the yield to call (YTC) for this bond if the current price is 110 percent of par value? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places. Omit the "%" sign in your response.)

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Category:- Basic Finance
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