Question
A corporate bond pays interest annually and has 4 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 4 years to maturity, a face value of $1,000 and a coupon rate of 3.6%. The bond's current price is $1,000. It is callable at a call price of $1,050 in one year.
What is the bond's yield to maturity?
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Passive Income
Authors: Brian Stclair
1st Edition
1539739694, 978-1539739692
