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I understand that when a firm has outstanding bonds with a callable feuture the firm will call it as long as the yield to maturity
I understand that when a firm has outstanding bonds with a callable feuture the firm will call it as long as the yield to maturity is greater than the yield to call. My question is why? what will happen if they call it when the YTC is greater than YTM?
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The Little Book Of Market Wizards Lessons From The Greatest Traders
Authors: Jack D. Schwager
1st Edition
1118858697, 978-1118858691
