Question
A 20-year maturity, 8% coupon, $1,000 par value bond paying coupons twice a year is callable in five years at a call price of $1,040.
A 20-year maturity, 8% coupon, $1,000 par value bond paying coupons twice a year is callable in five years at a call price of $1,040. Today, the bond sells at a yield to maturity of 10%. Calculate the YTC?
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The Handbook Of Energy Trading
Authors: Stefano Fiorenzani, Samuele Ravelli, Enrico Edoli
1st Edition
1119953693, 978-1119953692
