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A 4.85% coupon bond with 30 years left to maturity can be called in 27 years; The call premium is 1 year of coupon payments;
"A 4.85% coupon bond with 30 years left to maturity can be called in 27 years; The call premium is 1 year of coupon payments; The bond is currently offered for sale at $1,144.10 (Assume interest payments are semiannual) - What is the bond's yield to maturity?"
4.02%
3.60%
8.38%
8.03%
3.97%
4.24%
2.01%
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