Question
A 28 year, 6.6%, $1,000 bond that pays interest semiannually is currently selling for $1,062. The bond is callable starting five years from today for
A 28 year, 6.6%, $1,000 bond that pays interest semiannually is currently selling for $1,062. The bond is callable starting five years from today for $1,066. Calculate the Bonds Yield to Call and its YTM and indicate which is most relevant for an investor thinking about the bond now.
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Bond Markets Analysis And Strategies
Authors: Frank J.Fabozzi
7th Edition
0136078974, 978-0136078975
