Question
Consider a callable bond that has a face value of $1,000 and pays a semiannual coupon of 10%. The bond is currently priced at $1,175
Consider a callable bond that has a face value of $1,000 and pays a semiannual coupon of 10%. The bond is currently priced at $1,175 and has the option to be called at $1,100 five years from now. What is the yield to call (i.e., YTC)?
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Health Care Finance And The Mechanics Of Insurance And Reimbursement
Authors: Michael K. Harrington
2nd Edition
1284169030, 978-1284169034
