Question
Consider a 30-year U.S. corporate bond paying a 3.5 percent coupon. The bond has 17 years left to maturity and is currently priced at $980.
Consider a 30-year U.S. corporate bond paying a 3.5 percent coupon. The bond has 17 years left to maturity and is currently priced at $980. The bond is callable in 8 years at a 6 percent call premium. What is the bonds yield to call? Please make sure to show your work with formulas!! NO EXCEL!!!!
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Pricing In General Insurance
Authors: Pietro Parodi
2nd Edition
0367769034,1000860833
