Question
AMEX had issued a 20-year bond in 2010 with a call date of 2019. AMEX bought back the bond on the first date it was
AMEX had issued a 20-year bond in 2010 with a call date of 2019. AMEX bought back the bond on the first date it was callable. The yield that the holder of the bond (who bought the bond when it was issued and sold when it was called) will earn is the:
Group of answer choices
current yield.
yield to maturity.
yield to call.
market yield.
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
