Question
A corporate bond that matures in 12 years pays a 9 percent annual coupon, has a face value of $1,000, and a current price of
A corporate bond that matures in 12 years pays a 9 percent annual coupon, has a face value of $1,000, and a current price of 980. The bond can first be called four years from now. The call price is $1,050. What is the bonds yield to call?
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Liquidity Risk Management In Banks Economic And Regulatory Issues
Authors: Roberto Ruozi, Pierpaolo Ferrari
1st Edition
3642295800, 978-3642295805
