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A company issues a callable (at par) five-year, 7% coupon bond with annual coupon payments. The bond can be called at par in one year after release or any time after that on a coupon payment date. On release, it has a price of $110 per $100 of face value. What is the yield to worst of this bond when it is released?
Nuptial Gift
A resource provided by one member of a species (often the male) to a mating partner (often the female) as part of courtship or copulation, which can range from food to items that enhance the recipient's survival or reproductive success.
Sensory Exploitation
A theory suggesting that certain mating preferences arise because they exploit pre-existing sensory biases or preferences in the opposite sex.
Light Reflectance
Light reflectance is the process or measure of the proportion of light that is reflected from a surface when illuminated.
Nuptial Gifts
Items or nutrients given by one organism to another as part of a mating or courtship ritual.
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