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Givenazero-couponbond(ZCB)with10yearstomaturity,tradingat95%offace value, what is the yield to maturity (YTM)? If the bond has a call in 5 years at 90% of face value, would the
Givenazero-couponbond(ZCB)with10yearstomaturity,tradingat95%offace value, what is the yield to maturity (YTM)? If the bond has a call in 5 years at 90% of face value, would the yield to worst (YTW) be the YTM or the yield to first call (YTC)?
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