Question
If coupon rate of 9% and 1000 per value. The bond has 5 years to maturity but can be called after 3 years for $1000
If coupon rate of 9% and 1000 per value. The bond has 5 years to maturity but can be called after 3 years for $1000 plus $60. Current price of the bond is $1060.
What is the yield to call?
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Contemporary Business Mathematics with Canadian Applications
Authors: S. A. Hummelbrunner, Kelly Halliday, Ali R. Hassanlou, K. Suzanne Coombs
11th edition
134141083, 978-0134141084
