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Assume a municipal bond has 18 years until maturity and sells for $5640. It has a coupon rate of 5.70% and it can be called
Assume a municipal bond has 18 years until maturity and sells for $5640. It has a coupon rate of 5.70% and it can be called in 10 years. What is the yield to call if the call price is 110% of par?
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Options Futures And Other Derivatives
Authors: John C. Hull
8th Edition
0132164949, 9780132164948
