A 20-year maturity 9% coupon bond paying coupons semiannually is callable in 5 years at a call

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A 20-year maturity 9% coupon bond paying coupons semiannually is callable in 5 years at a call price of $1,050. The bond currently sells at a yield to maturity of 8%. What is the yield to call?

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Investments

ISBN: 9780073530703

9th Edition

Authors: Zvi Bodie, Alex Kane, Alan Marcus

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