Question
A callable bond pays annual interest of $60, matures in 20 years but is callable in 10 years at a price of 110, and has
A callable bond pays annual interest of $60, matures in 20 years but is callable in 10 years at a price of 110, and has a value today of $1055.84. The yield to call on this bond is
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Fundamentals of Investment Management
Authors: Geoffrey Hirt, Stanley Block
10th edition
0078034620, 978-0078034626
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