Question
Consider a 5y nc 3y bond (A 5-year non-call 3-year bond) that is callable in 3y and 4y at prices of 101 and 100. It
Consider a 5y nc 3y bond (A 5-year non-call 3-year bond) that is callable in 3y and 4y at prices of 101 and 100. It pays an annual coupon of 4% and is priced at 101. What is the yield-to-worst for this bond?
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Multinational Business Finance
Authors: David K. Eiteman, Arthur I. Stonehill, Michael H. Moffett
16th Edition
013749601X, 978-0137496013
