Question
6 years ago, Mass Finance issued a 15-year bond with a $1,000 face value and an 8 percent coupon rate for interest. Interest is paid
6 years ago, Mass Finance issued a 15-year bond with a $1,000 face value and an 8 percent coupon rate for interest. Interest is paid out twice per year. The bond is currently selling for $1,050. If the bond is called in five years for a redemption price of $1,080, what is the bonds yield to call (YTC)?
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The Handbook Of Energy Trading
Authors: Stefano Fiorenzani, Samuele Ravelli, Enrico Edoli
1st Edition
1119953693, 978-1119953692
