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A company issues a callable at par) 20-year, 5% coupon bond with annual coupon payments. The bond can be called at $104 in two years
A company issues a callable at par) 20-year, 5% coupon bond with annual coupon payments. The bond can be called at $104 in two years after release or any time after that on a coupon payment date. On release, it has a price of $102 per $100 of face value. What is the yield to worst of this bond when it is released? 0 3.949 5.859 04.8495 05
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