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A 10-year, $1,000 par value, 12% semiannual coupon bond has a price of $1,100 and it is callable in 4 years at a call premium
A 10-year, $1,000 par value, 12% semiannual coupon bond has a price of $1,100 and it is callable in 4 years at a call premium of $60. What is the bond's nominal yield to call (YTC)?
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
