Question
A 25-year maturity, 7.1% coupon bond paying coupons semiannually is callable in six years at a call price of $1,195. The bond currently sells at
A 25-year maturity, 7.1% coupon bond paying coupons semiannually is callable in six years at a call price of $1,195. The bond currently sells at a yield to maturity of 6.1% (3.05% per half-year).
What is the yield to call?
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Basic Finance An Introduction to Financial Institutions, Investments and Management
Authors: Herbert B. Mayo
11th Edition
1285425790, 1285425795, 9781305464988 , 978-1285425795
