Keenan industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiannual payments, and a $1,000 par value. the bond has a 6.50% nominal yield to maturity, but it can be called in 6 years at a price of $1,085. what is the bonds nominal yield to call? which is an investor that buys the bond today more likely to earn?
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Keenan industries has a bond outstanding with 15 years to maturity, an 8.25% nominal coupon, semiann...
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