Question
AMCs bonds currently sell for $1,200. They pay a $130 semi-annual coupon, have a 9-year maturity, and a face value of $1,000, but they can
AMCs bonds currently sell for $1,200. They pay a $130 semi-annual coupon, have a 9-year maturity, and a face value of $1,000, but they can be called in 4.5 years at $1,512. Their yield to call (YTC) is closest to
A. 14.34%.
B. 15.08%.
C. 17.45%.
D. 20.01%.
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Health Care Finance And The Mechanics Of Insurance And Reimbursement
Authors: Michael K. Harrington
2nd Edition
1284169030, 978-1284169034
