Question
A friend of yours just invested in an outstanding bond with a 5% annual coupon and a remaining maturity of 10 years. The bond has
A friend of yours just invested in an outstanding bond with a 5% annual coupon and a remaining maturity of 10 years. The bond has a par value of RM1,000 and the yield to maturity is 7%.
1. Assuming the bond in question is RM 1,100.55 and is callable in 7 years at the price of RM1,015. What is the bonds yield-to-call (YTC)?
2.If the bond in question is a quarter-annual coupon bond, what is the price of the bond today?
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Budgeting Auditing And Evaluation Functions And Integration In Seven Governments
Authors: Andrew Gray
1st Edition
0765807246, 9780765807243
