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A company issues a callable (at par) ten-year, 8% coupon bond with annual coupon payments. The bond can be called at par in one year
A company issues a callable (at par) ten-year, 8% coupon bond with annual coupon payments. The bond can be called at par in one year after release or any time after that on a coupon payment date. It has a price of $104 per $100 of face value. What is the yield to call (YTC) of this bond when it is called? | |
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