Shimo industries has a bond outstanding with 15 years to, Ask an Expert

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Shimo Industries has a bond outstanding with 15 years to maturity, and 7% nominal coupon, semiannual payments, and a $1,000 par value. The bond has a 5% nominal yield to maturity, but it can be called in 5 years at a price of $1,120. What is the bond’s nominal yield to call? Show work.

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Financial Management, Finance

Category:- Financial Management
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