Question
Atlantis Fisheries has issued a zero-coupon bond at a price of $410 per bond. Each bond has a face value of $1,000 at maturity in
Atlantis Fisheries has issued a zero-coupon bond at a price of $410 per bond. Each bond has a face value of $1,000 at maturity in 18 years. If these zero-coupon bonds are callable in 13 years at a call price of $625, what is their yield to call?
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Introduces Quantitative Finance
Authors: Paul Wilmott
2nd edition
470319585, 470319581, 978-0470319581
