Question
A 7.00 percent coupon bond with 26 years left to maturity can be called in seven years. The call premium is one year of coupon
A 7.00 percent coupon bond with 26 years left to maturity can be called in seven years. The call premium is one year of coupon payments. It is offered for sale at $1,065.35. What is the yield to call of the bond? (Assume interest payments are semiannual.)
Note: Round your answer to 2 decimal places.
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Matlab An Introduction with Applications
Authors: Amos Gilat
5th edition
1118629868, 978-1118801802, 1118801806, 978-1118629864
