Question
A callable bond with $1000 par value, 9% coupon rate with annual coupon payment,and 15 -year maturity has a yield to maturity of 10%.The bond
A callable bond with $1000 par value, 9% coupon rate with annual coupon payment,and 15 -year maturity has a yield to maturity of 10%.The bond is callable in 7 years. If the call price happens to be at $100 above today's fair price for the bond, the yield to call for this bond is ?
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Investments
Authors: Zvi Bodie, Alex Kane, Alan Marcus, Stylianos Perrakis, Peter
8th Canadian Edition
007133887X, 978-0071338875
