Question
A semiannual bond matures in 27 years, has a 5.5% coupon while investors want a 6 % YTM. The Price of the bond is $933.56.
A semiannual bond matures in 27 years, has a 5.5% coupon while investors want a 6 % YTM. The Price of the bond is $933.56.
If the above bond is callable after 12 years with a premium of $30, what is the yield to call?
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Entrepreneurial Finance
Authors: J. Chris Leach, Ronald W. Melicher
6th edition
1305968352, 978-1337635653, 978-1305968356
