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 $1,003.67. It is callable at a call price of $1,050 in one year.
A) What is the bond's yield to call?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
20th Edition
1609303164, 978-1609303167
