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Bond Features Maturity (years) 5 Face Value = $1,000 Coupon Rate = 3.00% Current Price = $1,100 Coupon dates (Annual) Time to call (years) 3
| Bond Features | |
| Maturity (years) | 5 |
| Face Value = | $1,000 |
| Coupon Rate = | 3.00% |
| Current Price = | $1,100 |
| Coupon dates (Annual) | |
| Time to call (years) | 3 |
| Price if Called | $1,030.00 |
What is the bond's yield to call (YTC) (annual) if the bond is called at its first possible date?
Group of answer choices
2.75%
0.62%
0.63%
-0.31%
2.73%
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Research In Finance Volume 24
Authors: Andrew H. Chen
1st Edition
0762313773, 978-0762313778
