Question
A 5.95 percent coupon bond with 16 years left to maturity can be called in four years. The call premium is one year of coupon
| A 5.95 percent coupon bond with 16 years left to maturity can be called in four years. The call premium is one year of coupon payments. It is offered for sale at $1,115.70. What is the yield to call of the bond? (Assume interest payments are semiannual.) (Round your answer to 2 decimal places.) |
| Yield to call | % |
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The Handbook Of Municipal Bonds
Authors: Frank J. Fabozzi, Sylvan G. Feldstein
1st Edition
0470108754, 9780470108758
