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A 20-year maturity $1,000 par 9% coupon bond paying coupons semi-annually is callable in 5 years at a call price of $1,120. The bond currently
A 20-year maturity $1,000 par 9% coupon bond paying coupons semi-annually is callable in 5 years at a call price of $1,120. The bond currently sells at a yield to maturity of 7.70%, what is the yield to call? No excel please
A) 6.17%
B) 5.92%
C) 4.93%
D) 9.34%
E) 7.78%
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