Question
A 4.00% coupon bond with 13 years left to maturity can be called in 10 years; The call premium is 1 year of coupon payments;
"A 4.00% coupon bond with 13 years left to maturity can be called in 10 years; The call premium is 1 year of coupon payments; The bond is currently offered for sale at $1,012.35 (Assume interest payments are semiannual) - What is the bond's yield to maturity?" 7.75% 3.85% 3.95% 1.94% 3.88% 3.78% 7.85%
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Fixed Income Markets And Their Derivatives
Authors: Suresh Sundaresan
3rd Edition
0123850517, 978-0123704719
