Question
A corporate bond pays interest annually and has 3 years to maturity, a face value of $1,000 and a coupon rate of 3.7%. The bond's
A corporate bond pays interest annually and has 3 years to maturity, a face value of $1,000 and a coupon rate of 3.7%. The bond's current price is $1,002.8. It is callable at a call price of $1,050 in one year.
What is the bond's yield to maturity?
What is the bond's yield to call?
Please use a financial calculator to find answer and post steps below. Both answers must have 4 decimal places.
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Broken Markets A Users Guide To The Post Finance Economy
Authors: Kevin Mellyn
1st Edition
1430242213, 978-1430242215
