Question
A 3.90% coupon bond with 11 years left to maturity can be called in 8 years; The call premium is 1 year of coupon payments;
A 3.90% coupon bond with 11 years left to maturity can be called in 8 years; The call premium is 1 year of coupon payments; The bond is currently offered for sale at $996.85 (Assume interest payments are semiannual) - What is the bond's yield to call?
| 3.94% | ||
| 4.15% | ||
| 4.36% | ||
| 4.88% | ||
| 8.21% | ||
| 8.73% | ||
| 3.95% |
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Asset Allocation From Theory To Practice And Beyond
Authors: Mark P. Kritzman, William Kinlaw, David Turkington, Harry M. Markowitz
1st Edition
1119817714, 978-1119817710
