Question
A 20-year maturity, 7.3% coupon bond paying coupons semiannually is callable in seven years at a call price of $1,185. The bond currently sells at
A 20-year maturity, 7.3% coupon bond paying coupons semiannually is callable in seven years at a call price of $1,185. The bond currently sells at a yield to maturity of 6.3% (3.15% per half-year). a. What is the yield to call?
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Global Finance And The Macroeconomy
Authors: A. Makin
1st Edition
0333736982, 978-0333736982
