Question
General Electric has just issued a callable (at par) 10-year, 6.5% coupon bond with annual coupon payments. The bond can be called at par in
General Electric has just issued a callable (at par) 10-year, 6.5% coupon bond with annual coupon payments. The bond can be called at par in one year or anytime thereafter on a coupon payment date. It has a price of $101.77.
a. What is the bond's yield to maturity?
b. What is its yield to call?
c. What is its yield to worst?
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Analyzing And Forecasting Futures Prices
Authors: Anthony Herbst
1st Edition
0595142990, 978-0595142996
