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A $1000, 15 year, 7% annual coupon bond has a call provision allowing for retirement of the bond in 7 years at a price of
A $1000, 15 year, 7% annual coupon bond has a call provision allowing for retirement of the bond in 7 years at a price of $1100. The current price of the bond is $1125. What is the Yield-to-Call?
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Options Futures And Other Derivatives
Authors: John C. Hull
8th Edition
0132164949, 9780132164948
