Question
Consider a semi-annual bond with an annual coupon = 1.85%, maturity = 8 years, par value = $1,000, and a market price today = $633:
Consider a semi-annual bond with an annual coupon = 1.85%, maturity = 8 years, par value = $1,000, and a market price today = $633: a. What is its yield to maturity (YTM)? b. Suppose the bond can be called at $750 at the end of year 5, what is its yield to call?
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Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes
11th edition
9781259278617, 77861647, 1259278611, 978-0077861643
