Question
A 3% annual coupon, 10 year maturity, semi-annual coupon payment, $1000 face value, 4% yield to maturity bond is callable in 7 years with a
A 3% annual coupon, 10 year maturity, semi-annual coupon payment, $1000 face value, 4% yield to maturity bond is callable in 7 years with a call premium of $1,100. What is the yield to call for this bond? Express your answer in decimal format (e.g., input 0.0329 for 3.29%)
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
