Question
A city issues a 30 year bond. The bond has an issue price of 900, and carries a 10% coupon rate. Interest compound annually. The
A city issues a 30 year bond. The bond has an issue price of 900, and carries a 10% coupon rate. Interest compound annually. The bond is callable after 10 years for a 3% call premium. If you buy the bond today and the bond it called as planned, what will be the annualized Yield To Call?
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Project Financing Asset-Based Financial Engineering
Authors: John D Finnerty
3rd Edition
1118421841, 9781118421840
