Question
A firms bonds have a maturity of 13 years with a $1,000 face value, a 13 percent semiannual coupon, are callable in 6 years at
A firms bonds have a maturity of 13 years with a $1,000 face value, a 13 percent semiannual coupon, are callable in 6 years at $1,050, and currently sell at a price of $1,156. What is their yield to maturity (YTM)?
| a. | 10.91% | |
| b. | 9.53% | |
| c. | 10.75% | |
| d. | 10.10% | |
| e. | 13.00% |
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Derivatives And Internal Models
Authors: H. Deutsch
4th Edition
1349307661, 9781349307661
