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Five years ago, John bought the ABC $1,000 9% 15-year bond for $1,045. The bond could be called four years from today, at $1090. If
- Five years ago, John bought the ABC $1,000 9% 15-year bond for $1,045. The bond could be called four years from today, at $1090. If the bond is called six years from today, it will be called at $1,080. Currently the bonds are selling for $1,065.
- If the bonds are called 4 years from today, what is Johns yield to call (YTM with a call Value)
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Financial Markets And Institutions
Authors: Jeff Madura
6th Edition
0324162618, 978-0324162615
