Finance Assignment | Professional Writing
May 27th, 2020
Yes They May, Inc. has a bond issue outstanding with a $1,000 par value and a maturity of 20 years. The bonds have an annual coupon rate of 20.0% with semi-annual coupon payments.
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The current market price for the bonds is $876. The bonds may be called in 5 years for 120.0% of par. What is the quoted annual yield-to-maturity for the bonds? O 31.16% 11.44% 25.81% 26.77% 22.87%
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