Question
A 20-year maturity, 6% coupon bond paying coupon semiannually is callable in 5 years at a call price of $1,100. The Bond currently sells at
A 20-year maturity, 6% coupon bond paying coupon semiannually is callable in 5 years at a call price of $1,100. The Bond currently sells at a yield to maturity of 7% (3.5% per half year). What is the yield to call?
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The Financial System Financial Regulation And Central Bank Policy
Authors: Thomas F. Cargill
1st Edition
1107035678, 9781107035676
