Question
A 4.45% coupon bond with 22 years left to maturity can be called in 19 years; The call premium is 1 year of coupon payments;
"A 4.45% coupon bond with 22 years left to maturity can be called in 19 years; The call premium is 1 year of coupon payments; The bond is currently offered for sale at $1,082.10 (Assume interest payments are semiannual) - What is the bond's yield to maturity?"
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Personal Finance Turning Money Into Wealth
Authors: Arthur J. Keown
6th Edition
0132719169, 978-0132719162
