Question
A corporate bond pays interest annually and has 3 years to maturity, a face value of $1,000 and a coupon rate of 3.6%. 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 3.6%. 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?
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Comparative Public Budgeting
Authors: George M Guess
2nd Edition
1316648109, 978-1316648100
