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3. Calculate the yield to worst on the following bond, which makes semi-annual coupon payment: Coupon rate = 8% Maturity = 20 years Par
3. Calculate the yield to worst on the following bond, which makes semi-annual coupon payment: Coupon rate = 8% Maturity = 20 years Par Value $1,000 = Only call option in 11 years at $1,150 Only put date in 5 years putable at par value The current market price for this bond is $1,080
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Foundations Of Finance
Authors: Arthur J. Keown, John H. Martin, J. William Petty
9th Edition
978-0134083285, 134083288, 978-0134084015
