Question
A 3.65% coupon bond with 6 years left to maturity can be called in 3 years; The call premium is 1 year of coupon payments;
A 3.65% coupon bond with 6 years left to maturity can be called in 3 years; The call premium is 1 year of coupon payments; The bond is currently offered for sale at $958.10 (Assume interest payments are semiannual) - What is the bond's yield to maturity?
8.92%
5.18%
3.81%
2.23%
4.45%
5.18%
8.20%
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Behavioral Finance
Authors: Edwin Burton, Sunit N. Shah
1st Edition
111830019X, 978-1118300190
