A corporate bond pays interest twice a year and has 20 years to maturity, a face value of $1,000 and a coupon rate of 5.8%.
A corporate bond pays interest twice a year and has 20 years to maturity, a face value of $1,000 and a coupon rate of 5.8%. The bond's current price is $1,396.52. It is callable starting 14 years from now (years to call) at a call price of $1,062.
What is the bond's (annualized) yield to maturity?
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Authors: George H. Pink, Paula H. Song
8th Edition
1640551093, 978-1640551091
