Question
A corporate bond pays interest twice a year and has 23 years to maturity, a face value of $1,000 and a coupon rate of 6.1%.
A corporate bond pays interest twice a year and has 23 years to maturity, a face value of $1,000 and a coupon rate of 6.1%. The bond's current price is $1,473.8. It is callable starting 17 years from now (years to call) at a call price of $1,031.
What is the bond's (annualized) yield to call?
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Financial Management In The Sport Industry
Authors: Matthew T Brown, Daniel Rascher, Mark S Nagel, Chad Mcevoy
1st Edition
1934432040, 978-1934432044
