Question
A 3.35% coupon bond with 26 years left to maturity can be called in 22 years; The call premium is 1 year of coupon payments;
A 3.35% coupon bond with 26 years left to maturity can be called in 22 years; The call premium is 1 year of coupon payments; The bond is currently offered for sale at $911.60 (Assume interest payments are semiannual) - What is the bond's yield to maturity?
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Enhancing Financial Inclusion Through Islamic Finance Volume II
Authors: Abdelrahman Elzahi Saaid Ali , Khalifa Mohamed Ali , Mohamed Hassan Azrag
1st Edition
3030399389,3030399397
