Question
IBM has an outstanding bond with an annual coupon of 5.5% and a face value of $1,000 that matures in 20 years. The bond's current
IBM has an outstanding bond with an annual coupon of 5.5% and a face value of $1,000 that matures in 20 years. The bond's current price is $1,250.46. It is callable at a call price of $1,050 with 10 years of call protection from now.
A) What is the yield to call?
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International Finance Transactions Policy And Regulation
Authors: Hal Scott, Anna Gelpern
20th Edition
1609303164, 978-1609303167
