Question
A semi-annual coupon bond has a 5 percent coupon rate, a $1,000 face value, and 3 years until the call date at a call price
A semi-annual coupon bond has a 5 percent coupon rate, a $1,000 face value, and 3 years until the call date at a call price of 104.
What is the price to yield 5.5 percent if it is called at 104 three years from now?
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Modern Financial Markets Prices, Yields, And Risk Analysis
Authors: Mark Griffiths, Drew Winters, David W Blackwell
1st Edition
0470000104, 9780470000106
