Question
A 5-year 6% semiannual-coupon callable bond will be callable in three years at 104. The current bond price is 104. The yield-to-first-call is closest to:
A 5-year 6% semiannual-coupon callable bond will be callable in three years at 104. The current bond price is 104. The yield-to-first-call is closest to:
| 5.94% | ||
| 5.45% | ||
| 5.77% |
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Fundamentals Of Investments Valuation And Management
Authors: Bradford D Jordan, Thomas W. Miller Jr., Steven D. Dolvin
6th Edition
0073530719, 9780073530710
