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What is the bond nominal yield to call for keenan industries

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Reference no: EM132762615

Problem 1: Assume that you are considering the purchase of a 10 year bond with an annual coupon rate of 7.50%. The bond has a face value of $1,000 and makes semiannual interest payments. If you require a 6.50% nominal yield to maturity on this investment, what is the maximum price you should be willing to pay for this bond?

Problem 2: Keenan Industries has a bond outstanding with 15 years to maturity, an 8.25% coupon paid semiannually, and a $1,000 par value. The bond has a 6.50% nominal yield to maturity, but it can be called in 3 years at a price of $1,085. What is the bond's nominal yield to call?

Reference no: EM132762615

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