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Question
Two years ago, Synergy Inc. issued a 15-year callable bond with a $1,000 face value and a 12 percent coupon rate of interest (paid semiannually). The bond cannot be called until five years after issue, at which time the call price will equal $1,120. Currently, the bond is selling for $989.What is the bond's yield to call (YTC).
a. 7.88%
b. 15.76%
c. 12.45%
d. 12.17%
e. 12.56%
Answer
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Related questions
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