Question
General electric has just issued a callable (at par)ten-year 6.3% coupon bond with annual coupon payments. The bond can be called at par in one
General electric has just issued a callable (at par)ten-year 6.3% 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 $102. 27What is the bond's yield to maturity and yield to call?
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Financial Management Principles And Practice
Authors: Timothy J. Gallagher, Joseph D. Andrew
3rd Edition
0131768824, 978-0131768826
