Question
A corporate bond has a 15-year maturity and pays interest semiannually. The quoted coupon rate is 5%, and the bond is priced at par. The
A corporate bond has a 15-year maturity and pays interest semiannually. The quoted coupon rate is 5%, and the bond is priced at par. The bond is callable in 5 years at 120% of par. What is the bond's yield to call? A. 6.72% B. 9.17% C. 4.49% D. 4.603%
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Understanding Financial Risk Management
Authors: Angelo Corelli
1st Edition
0415746183, 978-0415746182
